Saudi Arabia’s economic diversification investments are accelerating under its radical Vision 2030 program, but this is all being financed by crude oil revenues. Meanwhile unconventional gas developments and renewable energy are gaining traction as Saudi Arabia aims to end domestic oil burn.
| Crude Output | 10.57 | mn b/d |
| Crude Exports | 7.364 | mn b/d |
| Gas Output | 9.6 | bn cfd |
| Oil Export Revenue | 327 | $bn |
13 Sep, 2024
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Riyadh finds itself in a tricky position. Crude output is on course for its lowest annual figure since 2010, yet the cuts appear to be failing to support prices, with Brent testing $70/B.
13 Sep, 2024
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