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.
| Crude Output | 9.22 | mn b/d |
| Crude Exports | 6.67 | mn b/d |
| Gas Output | 9.03 | bn cfd |
| Oil Export Rev. | 121.9 | $bn |
1 Oct, 2021
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Saudi Arabia has slashed its expected 2021 budget deficit by a massive $14.9bn. At $22.7bn, this year’s deficit would be the smallest since the last surplus in 2013.
1 Oct, 2021
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