Saudi Arabia Oil Prices: Retail: Arabian Light data was reported at 48.430 USD/Barrel in 2017. This records an increase from the previous number of 38.320 USD/Barrel for 2016. Saudi Arabia Oil Prices: Retail: Arabian Light data is updated yearly, averaging 36.982 USD/Barrel from Dec 1970 (Median) to 2017, with 48 observations. The data reached an all-time high of 93.060 USD/Barrel in 2012 and a record low of 9.066 USD/Barrel in 1970. Saudi Arabia Oil Prices: Retail: Arabian Light 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. Real Retail Oil prices have been calculated by using the Consumer Price Index in industrial countries.

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.

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.

Saudi Arabia Fuel Prices: Retail: Gasoline 91 data was reported at 2.180 SAR/l in Apr 2025. This stayed constant from the previous number of 2.180 SAR/l for Mar 2025. Saudi Arabia Fuel Prices: Retail: Gasoline 91 data is updated monthly, averaging 2.180 SAR/l from Jul 2020 (Median) to Apr 2025, with 58 observations. The data reached an all-time high of 2.180 SAR/l in Apr 2025 and a record low of 1.290 SAR/l in Jul 2020. Saudi Arabia Fuel Prices: Retail: Gasoline 91 data remains active status in CEIC and is reported by Saudi Arabian Oil Company. The data is categorized under Global Database’s Saudi Arabia – Table SA.P016: Fuel Prices. [COVID-19-IMPACT]

Graph and download economic data for Non-Oil Real GDP Growth in Constant Prices for Saudi Arabia (SAUNGDPXORPCHPT) from 2000 to 2025 about non-oil, Saudi Arabia, REO, real, GDP, and rate.

Saudi Arabia Oil Prices: Retail: North Sea, Brent data was reported at 49.890 USD/Barrel in 2017. This records an increase from the previous number of 40.940 USD/Barrel for 2016. Saudi Arabia Oil Prices: Retail: North Sea, Brent data is updated yearly, averaging 39.923 USD/Barrel from Dec 1970 (Median) to 2017, with 48 observations. The data reached an all-time high of 94.240 USD/Barrel in 2012 and a record low of 15.551 USD/Barrel in 1970. Saudi Arabia Oil Prices: Retail: 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. Real Retail Oil prices have been calculated by using the Consumer Price Index in industrial countries.

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.

The projected fiscal breakeven oil price in Saudi Arabia in 20221 was 65.7 U.S. dollars per barrel. This was a decrease from 76.2 U.S. dollars per barrel in 2021.

Gasoline Prices in Saudi Arabia remained unchanged at 0.62 USD/Liter in June. This dataset provides the latest reported value for - Saudi Arabia Gasoline Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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

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 April 2025, the average price of the OPEC basket was 68.98 U.S. dollars per barrel. This was a notable decrease compared to the previous month and the lowest value 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: 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 34 million barrels per day in 2023. 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.

Explore the revenue, expenditure, and oil prices dataset including Total Expenditure, OPEC Basket Nominal Oil Prices, Non-Oil Revenue, and more. Analyze data from Saudi Arabia and gain insights into the country's economic trends.

Total Expenditure, OPEC Basket Nominal Oil Prices, Billion USD, Non-Billion USD, Non-Oil Revenue, USD per Barrel, Oil Revenue, Revenue, Expenditure, OPEC Basket Nominal Oil Prices, SAMA Annual

Saudi Arabia Follow data.kapsarc.org for timely data to advance energy economics research..Kindly Note the following:Revenues and Expenditure were converted to Billion Dollars instead of Million Saudi Riyals.OPEC Basket Nominal Oil Prices are in USD per Barrel.

Saudi Arabia Fuel Prices: Retail: Kerosene data was reported at 1.330 SAR/l in Apr 2025. This stayed constant from the previous number of 1.330 SAR/l for Mar 2025. Saudi Arabia Fuel Prices: Retail: Kerosene data is updated monthly, averaging 0.810 SAR/l from Jul 2020 (Median) to Apr 2025, with 58 observations. The data reached an all-time high of 1.330 SAR/l in Apr 2025 and a record low of 0.700 SAR/l in May 2022. Saudi Arabia Fuel Prices: Retail: Kerosene data remains active status in CEIC and is reported by Saudi Arabian Oil Company. The data is categorized under Global Database’s Saudi Arabia – Table SA.P016: Fuel Prices. [COVID-19-IMPACT]

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.

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.

Oil prices saw a modest rise after declines due to Saudi production signals, amidst U.S. economic contraction and trade policy impacts.

In September 2024, the average olive oil import price amounted to $7,887 per ton, rising by 26% against the previous month.

Observations for the current and future years are projections.

The IMF provides these series as part of their Regional Economic Outlook (REO) reports. These reports discuss recent economic developments and prospects for countries in various regions. They also address economic policy developments that have affected economic performance in their regions and provide country-specific data and analysis.

For more information, please see the Regional Economic Outlook (https://www.imf.org/en/publications/reo) publications.

Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available here (http://www.imf.org/external/terms.htm).

Saudi Arabia Fuel Prices: Retail: Gasoline 95 data was reported at 2.330 SAR/l in Apr 2025. This stayed constant from the previous number of 2.330 SAR/l for Mar 2025. Saudi Arabia Fuel Prices: Retail: Gasoline 95 data is updated monthly, averaging 2.330 SAR/l from Jul 2020 (Median) to Apr 2025, with 58 observations. The data reached an all-time high of 2.330 SAR/l in Apr 2025 and a record low of 1.440 SAR/l in Jul 2020. Saudi Arabia Fuel Prices: Retail: Gasoline 95 data remains active status in CEIC and is reported by Saudi Arabian Oil Company. The data is categorized under Global Database’s Saudi Arabia – Table SA.P016: Fuel Prices. [COVID-19-IMPACT]