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

23 Jan, 2026

Featured

Saudi Arabia’s Oil Burn Displacement Program Builds Momentum

Saudi oil burn was 300,000 b/d below 2024 levels in November, solidifying a sizeable annual fall for 2025. Further progress is on the way.
Saudi Oil Burn* ('000 b/d) Had Flatlined At 1.1mn b/d Since 2022, But Was On Course To Drop By 100,000 b/d In 2025
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NEWS IN BRIEF

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

Saudi Arabia’s Luberef Plans Group III+ Facility at Jazan

2 Jan, 2026

Midad Energy in the Running for Lukoil Assets?

19 Dec, 2025

UAE-Saudi Tensions Rise In Yemen As STC Advances

12 Dec, 2025

Jafurah Gas: Still Awaiting Start-Up

12 Dec, 2025

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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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