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

Economics & Finance

19 Dec, 2025

Featured

Saudi Exports Supported By Fall In Domestic Oil Demand

Substantial strides were made in reducing oil burn for power generation this year, dragging down total Saudi oil consumption. The start of a new trend?
Saudi Crude Exports: Modest Increase In 2025 Despite Substantial Production Growth (mn b/d)
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NEWS IN BRIEF

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

Bapco-Acwa Plans 2.8GW Solar Plant

12 Dec, 2025

Jafurah Basin Startup Achieved?

5 Dec, 2025

Bahrain, Saudi Provisionally Agree on Solar Project

5 Dec, 2025

Ades Completes Purchases of Shelf Drilling

28 Nov, 2025

Aramco Completes $3bn Sukuk Issuance

19 Sep, 2025

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SELECTED DATA

Saudi Fuel Oil* Imports Surged In Q3 (‘000 b/d)

Saudi Arabia’s Monthly Oil Export Revenues Are Down Year-On-Year ($bn)

Saudi Arabia Forecasts Budget Deficits Out To End-2027

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