Saudi Arabia soyabean and groundnut oil production

Production and Trade of Oil Crops, and Their Contribution to

  • Saudi Arabia soyabean and groundnut oil production
  • Saudi Arabia soyabean and groundnut oil production
  • Saudi Arabia soyabean and groundnut oil production
  • Saudi Arabia soyabean and groundnut oil production

Country Analysis Brief: Saudi Arabia U.S. Energy

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Soybean Oil Saudi Arabia Table IndexBox Platform

  • How much oil does Saudi Arabia produce a day?
  • Saudi Arabia initially reduced its production by 3.1 million barrels per day (b/d) as part of the OPEC+ agreement that began in April 2020.5 Saudi Arabia has increased production each month since February 2021, and, by October 2021, their production returned to an estimated 9.8 million b/d, similar to the level at the beginning of 2020.
  • 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.
  • 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.

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