Saudi Arabia rotary type oil production line

Country Analysis Brief: Saudi Arabia U.S. Energy

  • Saudi Arabia rotary type oil production line
  • Saudi Arabia rotary type oil production line
  • Saudi Arabia rotary type oil production line
  • Saudi Arabia rotary type oil production line

Continuity and Change in the Era of the Energy Transition

Saudi Arabia Crude Oil Production Interactive

Saudi Arabia Oil Production (I:SAOP) YCharts

Chart: Is Saudi Oil Production at Capacity?

  • How much crude oil does Saudi Arabia produce per day?
  • Values shown are in millions of barrels produced per day. The current level of Saudi Arabia crude oil production as of January 2022 is 9.90 million barrels per day. Interactive chart showing the monthly level of Saudi Arabia crude oil production back to 1994 from the US Energy Information Adminstration (EIA).
  • How does Saudi Arabia affect global oil markets?
  • Saudi Arabia produced, on average, 10.8 million b/d of total petroleum liquids in 2020, of which 9.2 million b/d was crude oil and about 1.6 million b/d was non-crude liquids. Saudi Arabia, which holds the world’s largest spare crude oil capacity, affects global oil markets by quickly increasing or decreasing its oil production.
  • How much oil did Saudi Arabia export in 2020?
  • Saudi Arabia exported an estimated 6.6 million b/d of crude oil in 2020, down nearly 300,000 b/d from 2019, according to Global Trade Tracker (GTT). A 570,000 b/d decline in petroleum production combined with a decline in global demand caused exports to drop in 2020.21
  • What percentage of Saudi Arabia's crude oil is exported to Asia?
  • Asia received an estimated 77% of Saudi Arabia's crude oil exports (Figure 4) in 2020 and more than one-third of its refined petroleum products (Figure 5). Asia’s oil demand and refining capacity grew significantly in the past decade, and it increased its share of Saudi Arabia’s crude oil exports during that time.

Maybe you will like