Middle East

Saudi Arabia

Saudi Arabia with crude production capacity in excess of 12mn b/d is a critical supplier to global markets and the most powerful voice within Opec. Gas development is an increasingly key priority as the government seeks to erase its shortfall.

State of Play

Saudi Arabia’s Crown Prince Muhammad bin Salman plans to transform the country and end its “addiction to oil.” But crude oil is set to remain its dominant revenue source and foreign policy tool for the foreseeable future. The kingdom is also eying unconventional gas to ease its gas shortages, while renewables developments are finally gaining traction.

2019 In Numbers
Crude Output 9.75 mn b/d
Crude Exports 7.037 mn b/d
Gas Output 89.9** bcm
O&G Export Rev. 201 $bn
O&G % Export Rev. 78 %
Refining Capacity 2.864 mn b/d*

*End-Year. **2018

Choose Sections
Load more


Saudi Arabia’s Pledge To Max Crude Exports Would Smash All Previous Records (Mn B/D)

Saudi Aramco Crude Inventories (Mn Barrels): Stated Drawdown Plans Risk Leaving Stocks Dangerously Low If Maintained For Remainder Of 2020

1. Saudi Arabia Has Slashed Its Crude OSPs By An Unprecedented Amount For April-Delivery Cargoes (Arab Medium, $/B Versus Respective Benchmarks)

Get Our Headlines Weekly

Keep abreast with current events with our weekly headlines.
You’ll also be notified of our free articles & maps.

By signing up, you agree to receive promotional emails. You can unsubscribe at any time. For more information, read our privacy statement.