Crude Oil Production in Saudi Arabia increased to 9360 BBL/D/1K in June from 9184 BBL/D/1K in May 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.

On August 4, 2025, the Brent crude oil price stood at 68.59 U.S. dollars per barrel, compared to 66.29 U.S. dollars for WTI oil and 71.58 U.S. dollars for the OPEC basket. OPEC prices rose slightly that week, while Brent and WTI prices fell.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 (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.

Crude Oil rose to 63.59 USD/Bbl on August 10, 2025, up 0.39% from the previous day. Over the past month, Crude Oil's price has fallen 7.09%, and is down 20.57% 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 August of 2025.

Explore the effects of OPEC+'s decision to extend oil production cuts on the global oil market, with insights on major exporters and importers in 2023.

Crude Oil Rigs in Saudi Arabia decreased to 20 in July from 21 in June of 2025. This dataset provides - Saudi Arabia Crude Oil Rigs- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Saudi Aramco's April crude deliveries to China drop significantly, marking the lowest level in months and influencing global energy strategies.

Oil Exports in Saudi Arabia decreased to 59330 SAR Million in May from 61962 SAR Million in April of 2025. This dataset provides - Saudi Arabia Oil Exports- actual values, historical data, forecast, chart, statistics, economic calendar and news.

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

Goldman Sachs projects a 410,000 bpd increase in OPEC+ oil supply for June, citing compliance improvements and lower OECD inventories as key factors.

Explore the reasons behind Saudi Arabia's decision to reduce crude oil prices for Asian markets in January and its potential impact on the global economy.

Saudi Arabia cuts Arab Light oil prices for Asia by 40 cents, aligning with OPEC+ production strategy shifts and market dynamics.

Non Oil Exports in Saudi Arabia increased to 18769 SAR Million in May from 18256 SAR Million in April of 2025. This dataset provides - Saudi Arabia Non Oil Exports- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Saudi Arabia Fuel Prices: Retail: Diesel data was reported at 1.660 SAR/l in Apr 2025. This stayed constant from the previous number of 1.660 SAR/l for Mar 2025. Saudi Arabia Fuel Prices: Retail: Diesel data is updated monthly, averaging 0.630 SAR/l from Jul 2020 (Median) to Apr 2025, with 58 observations. The data reached an all-time high of 1.660 SAR/l in Apr 2025 and a record low of 0.520 SAR/l in Dec 2021. Saudi Arabia Fuel Prices: Retail: Diesel 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]

Saudi Arabia's crude oil exports soared to a three-month high in May, aligning with OPEC+ production strategies and impacting the global oil market.

Discover the factors behind the recent decline in oil prices amid global surplus concerns and OPEC+'s production adjustments.

Oil prices are declining for the second week as OPEC+ considers boosting production. Brent crude hovers near $62, while WTI is below $60. Market is influenced by US job growth, US-China trade talks, and Iran tensions.

Crude oil prices are declining due to potential increases in Iraqi exports and OPEC+ production adjustments, amid EU sanctions on Russian oil.

Saudi Aramco's second-quarter profits fell by 22% due to declining oil prices and rising debt, prompting cost-cutting measures and asset divestments.

Exports in Saudi Arabia decreased to 90449 SAR Million in May from 90981 SAR Million in April of 2025. This dataset provides - Saudi Arabia Exports - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Oil prices rise slightly amid U.S. sanction speculations on Russia and increased Saudi Arabian oil production, with Brent crude reaching $70.44 a barrel.