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 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.
2024 In Numbers
| Crude Output | 9 | mn b/d |
| Crude Exports | 5.923 | mn b/d |
| Sales Gas Output | 123.5* | bcm |
| Oil & Gas export revenue | 223 | $bn |
*2023
6 Mar, 2026
Featured
Saudi Aramco Shifts Crude Exports To Yanbu
Aramco is implementing its Hormuz-bypass contingency plan, shifting crude exports from Ras Tanura to Yanbu. It’s an invaluable option, but it does come with limitations. The first step would likely be to redirect around 2mn b/d of Arab Light exports from the Gulf to Yanbu.
Saudi, UAE Hormuz Bypass Pipelines
NEWS IN BRIEF
Aramco Announces Share Buyback Plan
13 Mar, 2026
Progress At Key Saudi Gas Power Plant Projects
13 Mar, 2026
Saudi Pledges $500mn To Yemen After UAE Withdrawal
16 Jan, 2026
Acwa Power Completes Al Zour Power Purchase
9 Jan, 2026
Acwa Power Secures 1.25GW of China Projects
2 Jan, 2026
Saudi Increases Diesel Prices
2 Jan, 2026
SELECTED DATA
Saudi’s Monthly Oil Export Revenues ($bn) Have Outstripped Year-Ago Levels Since August
Saudi Crude Exports: Modest Increase In 2025 Despite Substantial Production Growth (mn b/d)
Saudi Arabia Budget Deficit Topped $30bn Last Year. Deficits Forecast To Stretch Out To At Least 2028
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.