Crude Oil Production in Saudi Arabia increased to 9184 BBL/D/1K in May from 9005 BBL/D/1K in April 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: Oil production percent of world total: The latest value from 2023 is 11.924 percent, a decline from 13.197 percent in 2022. In comparison, the world average is 0.526 percent, based on data from 190 countries. Historically, the average for Saudi Arabia from 1973 to 2023 is 13.935 percent. The minimum value, 8.083 percent, was reached in 1985 while the maximum of 25.451 percent was recorded in 1981.

The Saudi oil prices chart provides historical data and insights into the pricing trends and factors that affect the global oil industry. It explores the various types of Saudi crude oil, analyzes price trends over time, and compares Saudi oil prices with global benchmarks. Factors influencing the chart include global oil demand and supply, geopolitical tensions, production levels, and market sentiment. Monitoring the chart is important for stakeholders in the oil industry to make informed decisions and und

GDP Growth Oil Sector in Saudi Arabia decreased to -0.45 percent in the first quarter of 2025 from 3.50 percent in the fourth quarter of 2024. This dataset includes a chart with historical data for Saudi Arabia GDP Growth Oil Sector.

Version: GOGI_V10_2This data was downloaded as a File Geodatabse from EDX at https://edx.netl.doe.gov/dataset/global-oil-gas-features-database. This data was developed using a combination of big data computing, custom search and data integration algorithms, and expert driven search to collect open oil and gas data resources worldwide. This approach identified over 380 data sets and integrated more than 4.8 million features into the GOGI database.Access the technical report describing how this database was produced using the following link: https://edx.netl.doe.gov/dataset/development-of-an-open-global-oil-and-gas-infrastructure-inventory-and-geodatabase” Acknowledgements: This work was funded under the Climate and Clean Air Coalition (CCAC) Oil and Gas Methane Science Studies. The studies are managed by United Nations Environment in collaboration with the Office of the Chief Scientist, Steven Hamburg of the Environmental Defense Fund. Funding was provided by the Environmental Defense Fund, OGCI Companies (Shell, BP, ENI, Petrobras, Repsol, Total, Equinor, CNPC, Saudi Aramco, Exxon, Oxy, Chevron, Pemex) and CCAC.Link to SourcePoint of Contact: Jennifer Bauer email:jennifer.bauer@netl.doe.govMichael D Sabbatino email:michael.sabbatino@netl.doe.gov

The 2025 annual OPEC oil price stood at ***** U.S. dollars per barrel, as of May. 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.

Canada has significant proven reserves of crude oil (178 billion barrels), second only to those of Saudi Arabia. Canadian natural gas reserves were 58 trillion cubic feet as of year-end 2006. These resources are found in the country’s seven major sedimentary basins. The primary petroleum-producing sedimentary basin is the Western Canada Sedimentary Basin (WCSB), which extends from the Canadian Shield to the Rocky Mountains through Manitoba, Saskatchewan, Alberta and northeastern British Columbia. There are also producing basins in southern Ontario, offshore Newfoundland, and the Scotian Shelf. Potential reserves are also found in Northern Canada, where an estimated 30 per cent of Canada’s conventional oil resources are located. The map shows the major petroleum-producing fields (or pools) of conventional natural gas, crude oil and the oil sands, as well as the extensive pipeline network.

This scatter chart displays electricity production from oil sources (% of total) against net energy imports (% of energy use) in Saudi Arabia. The data is about countries per year.

Crude Oil rose to 68.75 USD/Bbl on July 11, 2025, up 3.27% from the previous day. Over the past month, Crude Oil's price has risen 1.04%, but it is still 16.37% lower than a year ago, 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 July of 2025.

Global oil production amounted to ************ barrels per day in 2024. The level of oil production reached an all-time high in 2024. However, the coronavirus pandemic and its impact on transportation fuel demand led to a notable decline in 2020. Rising production and consumption Apart from events surrounding global economic crisis as in the late 2000's and 2020, oil production consistently increased every year for the past two decades. Similarly, global oil consumption only decreased in 2008, 2009, and 2020, but has otherwise increased to a higher level year after year. Oil and oil products remain invaluable commodities as most transportation fuels are petroleum-based and oil is a major raw material for the chemicals industry. Production by region and country While total production is rising, regional distribution has shifted, with the share of production declining the most in Europe and the Commonwealth of Independent States (CIS) since 2008, and rising the most in North America. Even though as a region the Middle East still produces the largest share of oil worldwide, the United States is currently the worl'ds largest producer of oil, followed by Saudi Arabia and Russia.

Saudi Arabia Imports of oil-cake, solid residues resulting from extraction of soya-bean oil from Spain was US$5.38 Thousand during 2022, according to the United Nations COMTRADE database on international trade.

Saudi Arabia Exports of oil-cake, solid residues resulting from extraction of ground-nut oil to Tanzania was US$156.08 Thousand during 2014, according to the United Nations COMTRADE database on international trade.

Jordan Imports of oil-cake, solid residues resulting from extraction of soya-bean oil from Saudi Arabia was US$765.73 Thousand during 2023, according to the United Nations COMTRADE database on international trade.

Saudi Arabia Exports of oil-cake, solid residues resulting from extraction of soya-bean oil to United Arab Emirates was US$32.87 Thousand during 2021, according to the United Nations COMTRADE database on international trade.

On July 7, 2025, the Brent crude oil price stood at 69.62 U.S. dollars per barrel, compared to 67.93 U.S. dollars for WTI oil and 69.92 U.S. dollars for the OPEC basket. Prices rose slightly that week, following signs of an increase in demand.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 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 (whereby a contract is agreed upon, while the 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.

Saudi Arabia Imports of oil-cake, solid residues resulting from extraction of soya-bean oil from China was US$3.4 Thousand during 2022, according to the United Nations COMTRADE database on international trade.

Saudi Arabia Imports from Argentina of Oil-cake, Solid Residues Resulting from Extraction of Soya-bean Oil was US$261.34 Million during 2023, according to the United Nations COMTRADE database on international trade.

Saudi Arabia Exports of oil-cake, solid residues resulting from extraction of soya-bean oil to India was US$331.8 Thousand during 2015, according to the United Nations COMTRADE database on international trade.

Saudi Arabia Imports of oil-cake, solid residues resulting from extraction of ground-nut oil from Turkey was US$499 during 2023, according to the United Nations COMTRADE database on international trade.

India Exports of oil-cake, solid residues resulting from extraction of ground-nut oil to Saudi Arabia was US$98 during 2011, according to the United Nations COMTRADE database on international trade. India Exports of oil-cake, solid residues resulting from extraction of ground-nut oil to Saudi Arabia - data, historical chart and statistics - was last updated on July of 2025.