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.

2022 In Numbers
Crude Output 10.57 mn b/d
Crude Exports 7.364 mn b/d
Gas Output 9.6 bn cfd
Oil Export Revenue 327 $bn
OPEC & Global Markets

13 Dec, 2024

Featured

Saudi West Coast Crude Exports: A Historic Year

Aramco investment in strategic flexibility paid dividends in 2024. The firm is exporting record volumes from its Red Sea terminals despite a drop in its overall exports.
Saudi Crude Oil Exports From Its Yanbu Terminals On Course For Record High In 2024 (‘000 b/d)
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NEWS IN BRIEF

Saudi Crude Exports Rise As Oil Burn Drops

20 Dec, 2024

Aramco: Landmark CCS Deal

6 Dec, 2024

Saudi Arabia: Record $14.3bn China Imports

6 Dec, 2024

Saudi 600MW Solar: Commercial Ops

15 Nov, 2024

Saudi $8.1bn Q3 Budget Deficit

8 Nov, 2024

Saudi Arabia Taps Stocks To Meet Rising Crude Burn

18 Oct, 2024

Saudi Arabia, Egypt Target June 2025 Power Link Startup

11 Oct, 2024

Aramco Completes $3bn Sukuk

4 Oct, 2024

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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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