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

Power & Water

25 Sep, 2026

Featured

Saudi Arabia Brings Oil Burn Back Down

After a tough start to the year, Saudi oil burn fell sharply in June and July. Structural improvements are underway, and new CCGTs are coming online.
Saudi Oil Burn Fell To Seven-Year Seasonal Low In July After Having Spiked In The First Months Of The Conflict (‘000 B/D)
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NEWS IN BRIEF

Saudi Arabia: More CCGT Gains

25 Sep, 2026

SLB Wins Major Saudi Drilling Contract

25 Sep, 2026

Saudi Arabia’s Principal Buyer Awards 8GWh BESS Contracts

21 Aug, 2026

Aramco CEO: Attack Damage Non-Material

7 Aug, 2026

Saudi Renewable Capacity Reaches 18.8GW

7 Aug, 2026

Luberef Expansion Pushed Back To 2027

7 Aug, 2026

Adnoc Expands Tanker Fleet Amid New Hormuz Reality

7 Aug, 2026

Trump Throws US-Saudi Nuclear Agreement Into Disarray

24 Jul, 2026

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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

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