Crude Oil Production in Saudi Arabia increased to 10002 BBL/D/1K in October from 9966 BBL/D/1K in September of 2025. This dataset provides the latest reported value for - Saudi Arabia Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Saudi Arabia Energy Spot Price: Saudi Crude Oil: Arabian Light 34 API data was reported at 52.590 USD/Barrel in 2017. This records an increase from the previous number of 40.960 USD/Barrel for 2016. Saudi Arabia Energy Spot Price: Saudi Crude Oil: Arabian Light 34 API data is updated yearly, averaging 21.940 USD/Barrel from Dec 1970 (Median) to 2017, with 48 observations. The data reached an all-time high of 110.220 USD/Barrel in 2012 and a record low of 1.300 USD/Barrel in 1970. Saudi Arabia Energy Spot Price: Saudi Crude Oil: Arabian Light 34 API data remains active status in CEIC and is reported by Saudi Arabian Monetary Authority. The data is categorized under Global Database’s Saudi Arabia – Table SA.P012: Energy Prices.

The 2025 annual OPEC basket price stood at ***** U.S. dollars per barrel as of August. This would be lower than the 2024 average, which amounted to ***** U.S. dollars. The abbreviation OPEC stands for Organization of the Petroleum Exporting Countries and includes Algeria, Angola, Congo, Equatorial Guinea, Gabon, Iraq, Iran, Kuwait, Libya, Nigeria, Saudi Arabia, Venezuela, and the United Arab Emirates. The aim of the OPEC is to coordinate the oil policies of its member states. It was founded in 1960 in Baghdad, Iraq. The OPEC Reference Basket The OPEC crude oil price is defined by the price of the so-called OPEC (Reference) basket. This basket is an average of prices of the various petroleum blends that are produced by the OPEC members. Some of these oil blends are, for example: Saharan Blend from Algeria, Basra Light from Iraq, Arab Light from Saudi Arabia, BCF 17 from Venezuela, et cetera. By increasing and decreasing its oil production, OPEC tries to keep the price between a given maxima and minima. Benchmark crude oil The OPEC basket is one of the most important benchmarks for crude oil prices worldwide. Other significant benchmarks are UK Brent, West Texas Intermediate (WTI), and Dubai Crude (Fateh). Because there are many types and grades of oil, such benchmarks are indispensable for referencing them on the global oil market. The 2025 fall in prices was the result of weakened demand outlooks exacerbated by extensive U.S. trade tariffs.

Crude Oil fell to 59.17 USD/Bbl on December 2, 2025, down 0.25% from the previous day. Over the past month, Crude Oil's price has fallen 3.08%, and is down 15.40% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Crude Oil - values, historical data, forecasts and news - updated on December of 2025.

Crude Oil Price in Saudi Arabia - 2021. Find the latest marketing data on the IndexBox platform.

Saudi Arabia Energy Spot Price: Saudi Crude Oil: Arabian Heavy 27 API data was reported at 51.050 USD/Barrel in 2017. This records an increase from the previous number of 38.360 USD/Barrel for 2016. Saudi Arabia Energy Spot Price: Saudi Crude Oil: Arabian Heavy 27 API data is updated yearly, averaging 25.200 USD/Barrel from Dec 1985 (Median) to 2017, with 33 observations. The data reached an all-time high of 108.360 USD/Barrel in 2012 and a record low of 10.950 USD/Barrel in 1998. Saudi Arabia Energy Spot Price: Saudi Crude Oil: Arabian Heavy 27 API data remains active status in CEIC and is reported by Saudi Arabian Monetary Authority. The data is categorized under Global Database’s Saudi Arabia – Table SA.P012: Energy Prices.

On October 27, 2025, the Brent crude oil price stood at 65.14 U.S. dollars per barrel, compared to 61.31 U.S. dollars for WTI oil and 67.54 U.S. dollars for the OPEC basket. Oil prices rose slightly that week.Europe's Brent crude oil, the U.S. WTI crude oil, and OPEC's basket are three of the most important benchmarks used by traders as reference for global oil and gasoline prices. Lowest ever oil prices during coronavirus pandemic In 2020, the coronavirus pandemic resulted in crude oil prices hitting a major slump as oil demand drastically declined following lockdowns and travel restrictions. Initial outlooks and uncertainty surrounding the course of the pandemic brought about a disagreement between two of the largest oil producers, Russia and Saudi Arabia, in early March. Bilateral talks between global oil producers ended in agreement on April 13th, with promises to cut petroleum output and hopes rising that these might help stabilize the oil price in the coming weeks. However, with storage facilities and oil tankers quickly filling up, fears grew over where to store excess oil, leading to benchmark prices seeing record negative prices between April 20 and April 22, 2020. How crude oil prices are determined As with most commodities, crude oil prices are impacted by supply and demand, as well as inventories and market sentiment. However, as oil is most often traded in future contracts (where a contract is agreed upon while product delivery will follow in the next two to three months), market speculation is one of the principal determinants for oil prices. Traders make conclusions on how production output and consumer demand will likely develop over the coming months, leaving room for uncertainty. Spot prices differ from futures in so far as they reflect the current market price of a commodity.

Key information about Saudi Arabia Crude Oil: Production

• Saudi Arabia Crude Oil: Production was reported at 10,003.000 Barrel/Day th in Oct 2025
• This records an increase from the previous number of 9,960.000 Barrel/Day th for Sep 2025
• Saudi Arabia Crude Oil: Production data is updated monthly, averaging 30.878 Barrel/Day th from Jan 2002 to Oct 2025, with 286 observations
• The data reached an all-time high of 908.611 Barrel/Day th in Jul 2025 and a record low of 0.025 Barrel/Day th in Jan 1977
• Saudi Arabia Crude Oil: Production data remains active status in CEIC and is reported by Organization of the Petroleum Exporting Countries
• The data is categorized under World Trend Plus’s Association: Energy Sector – Table RB.OPEC.CO: Crude Oil Production: OPEC Members: Monthly

According to projections for 2025, the fiscal breakeven oil price for Saudi Arabia was **** U.S. dollars per barrel. The projections for Saudi Arabia's external breakeven oil price for the same period were at ** U.S. dollars per barrel. Saudi oil industry   Saudi Arabia’s oil industry entails ** percent of the world’s proven petroleum reserves. Their oil reserves were expected to exceed ** billion metric tons by 2020. Its oil sector accounted for about half of the country’s GDP in 2018, and about ** percent of their export income, as their oil reserves are the second largest in the world and they are the world’s leading petroleum exporter. Saudi Arabia has an advantage over other oil-producing countries as the extraction process is cheaper and easier relative to other regions. The petroleum is handled and mostly controlled by Saudi Aramco which is a public company and the most profitable country in the world as of 2019. The highest value petrochemicals project in the country in 2020 was the Amiral Complex: Ethylene & Propylene Plant. Saudi economy Saudi Arabia is the world’s leader in petroleum exportation. They also had the fifth-largest natural gas reserve in 2019. However, their significant reliance on these natural resources compelled the government to launch its Saudi Vision 2030, which aims on expanding their resources. As a result, in the first quarter of 2019, Saudi Arabia's budget has accomplished its first surplus since 2014 of more than ** billion U.S. dollars due to the increase of both the oil and non-oil revenues. Public debt witnessed a significant increase in 2020 following the COVID-19 pandemic but was expected to slowly decrease in the following years. Non-oil revenues accounted for about ** percent of the country’s revenue in 2019 . The largest non-oil contributor to the country’s GDP was government services.

Saudi Arabia Oil Prices: Nominal: North Sea, Brent data was reported at 54.170 USD/Barrel in 2017. This records an increase from the previous number of 43.760 USD/Barrel for 2016. Saudi Arabia Oil Prices: Nominal: North Sea, Brent data is updated yearly, averaging 24.745 USD/Barrel from Dec 1970 (Median) to 2017, with 48 observations. The data reached an all-time high of 111.620 USD/Barrel in 2012 and a record low of 2.230 USD/Barrel in 1970. Saudi Arabia Oil Prices: Nominal: North Sea, Brent data remains active status in CEIC and is reported by Saudi Arabian Monetary Authority. The data is categorized under Global Database’s Saudi Arabia – Table SA.P012: Energy Prices.

In August 2025, the average price of the OPEC basket was 69.73 U.S. dollars per barrel. This was an increase compared to the previous month, which was among the lowest values in the past 24 months. The OPEC basket is a weighted average of prices for petroleum blends produced by OPEC countries. OPEC stands for “Organization of the Petroleum Exporting Countries” and was founded in 1960 in Baghdad, Iraq. The main aim of OPEC is to coordinate the oil policies of its members, and thus to have more influence on the international oil market. It is used as an important benchmark for crude oil prices. The OPEC basket oil price The OPEC crude oil price is defined by the price of the so-called OPEC (reference) basket. This basket is an average of the prices of petroleum blends that are produced by the OPEC members. The following countries are members of this organization: Algeria, Angola, Congo, Equatorial Guinea, Gabon, Iraq, Iran, Kuwait, Libya, Nigeria, Saudi Arabia, Venezuela, and the United Arab Emirates. Some of these oil blends are, for example, the Saharan Blend from Algeria, Basra Light from Iraq, and Arab Light from Saudi Arabia. The OPEC reference basket includes both heavy and light crude oils and is heavier than most other crudes. OPEC's oil production amounted to 32.8 million barrels per day in 2024. Oil price benchmarks The OPEC basket is one of the most crucial benchmarks for crude oil pricing worldwide. Other significant benchmarks are UK Brent, West Texas Intermediate (WTI), and Dubai Crude (Fateh). Because there are many types and grades of oil, such benchmarks are indispensable for referencing them on the global oil market. Looking at the OPEC price within the last two years, the highest price was some 94.6 U.S. dollars per barrel in September 2023.

Price for Crude Oil and Processed Petroleum in Saudi Arabia - 2021. Find the latest marketing data on the IndexBox platform.

Explore the dataset of Saudi Arabia's nominal and real oil prices . Analyze NOMINAL OIL PRICE : OPEC BASKET, REAL OIL PRICE : Arabian Light, REAL OIL PRICE : OPEC BASKET, and more.

NOMINAL OIL PRICE : OPEC BASKET, REAL OIL PRICE : Arabian Light, REAL OIL PRICE : OPEC BASKET, REAL OIL PRICE : North Sea (Brent), NOMINAL OIL PRICE : North Sea (Brent), NOMINAL OIL PRICE : Arabian Light,Price, SAMA Annual

Saudi Arabia Follow data.kapsarc.org for timely data to advance energy economics research..Important notes:Base Year: 2005.Real prices have been calculated by using the OPEC Basket Deflator.

China Import Price: Crude Oil: Asia: Saudi Arabia data was reported at 586.397 USD/Ton in Mar 2025. This records a decrease from the previous number of 593.308 USD/Ton for Feb 2025. China Import Price: Crude Oil: Asia: Saudi Arabia data is updated monthly, averaging 567.696 USD/Ton from Jan 2008 (Median) to Mar 2025, with 207 observations. The data reached an all-time high of 957.890 USD/Ton in Jul 2008 and a record low of 178.973 USD/Ton in May 2020. China Import Price: Crude Oil: Asia: Saudi Arabia data remains active status in CEIC and is reported by CEIC Data. The data is categorized under China Premium Database’s Price – Table CN.PH: Crude Oil Import and Export Price.

Discover how crude oil prices vary by country and the various factors that influence them. Learn about major oil-producing countries such as Saudi Arabia, the United States, Russia, Iran, Iraq, Canada, Venezuela, Nigeria, the United Arab Emirates, and Kuwait, and how their pricing mechanisms are shaped. Gain insight into the global oil market and its impact on economies worldwide.

United States Crude Oil Price: EIA: FOB Cost of Imports: Saudi Arabia data was reported at 70.220 USD/Barrel in Aug 2018. This records a decrease from the previous number of 70.630 USD/Barrel for Jul 2018. United States Crude Oil Price: EIA: FOB Cost of Imports: Saudi Arabia data is updated monthly, averaging 22.240 USD/Barrel from Oct 1973 (Median) to Aug 2018, with 352 observations. The data reached an all-time high of 125.580 USD/Barrel in Jun 2008 and a record low of 3.060 USD/Barrel in Oct 1973. United States Crude Oil Price: EIA: FOB Cost of Imports: Saudi Arabia data remains active status in CEIC and is reported by Energy Information Administration. The data is categorized under Global Database’s United States – Table US.P002: Energy Price.

The projected fiscal breakeven oil price in Saudi Arabia in 20221 was **** U.S. dollars per barrel. This was a decrease from **** U.S. dollars per barrel in 2021.

The 2025 preliminary average annual price of West Texas Intermediate crude oil reached 67.83 U.S. dollars per barrel as of August. This would be nine U.S. dollars below the 2024 average and the lowest annual average since 2021. WTI and other benchmarks WTI is a grade of crude oil also known as “Texas light sweet.” It is measured to have an API gravity of around 39.6 and specific gravity of about 0.83, which is considered “light” relative to other crude oils. This oil also contains roughly 0.24 percent sulfur, and is therefore named “sweet.” Crude oils are some of the most closely observed commodity prices in the world. WTI is the underlying commodity of the Chicago Mercantile Exchange’s oil futures contracts. The price of other crude oils, such as UK Brent crude oil, the OPEC crude oil basket, and Dubai Fateh oil, can be compared to that of WTI crude oil. Since 1976, the price of WTI crude oil has increased notably, rising from just 12.23 U.S. dollars per barrel in 1976 to a peak of 99.06 dollars per barrel in 2008. Geopolitical conflicts and their impact on oil prices The price of oil is controlled in part by limiting oil production. Prior to 1971, the Texas Railroad Commission controlled the price of oil by setting limits on production of U.S. oil. In 1971, the Texas Railroad Commission ceased limiting production, but OPEC, the Organization of Petroleum Exporting Countries with member states Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela among others, continued to do so. In 1972, due to geopolitical conflict, OPEC set an oil embargo and cut oil production, causing prices to quadruple by 1974. Oil prices rose again in 1979 and 1980 due to the Iranian revolution, and doubled between 1978 and 1981 as the Iran-Iraq War prevented oil production. A number of geopolitical conflicts and periods of increased production and consumption have influenced the price of oil since then.

Saudi Arabia: Revenue minus production cost of oil, percent of GDP: The latest value from 2021 is 23.69 percent, an increase from 15.98 percent in 2020. In comparison, the world average is 2.69 percent, based on data from 181 countries. Historically, the average for Saudi Arabia from 1970 to 2021 is 37.79 percent. The minimum value, 15.98 percent, was reached in 2020 while the maximum of 87.09 percent was recorded in 1979.

View yearly updates and historical trends for US F.O.B. Cost of Crude Oil Imports From Saudi Arabia. from United States. Source: Energy Information Admini…