In 2024, its oil production total was 12.7 million barrels of oil equivalent per day, and it manages over one hundred oil and gas fields in Saudi Arabia, including 288.4 trillion standard cubic feet …

1 day ago · Looking ahead, Saudi Arabia faces a new test: how to sustain reform momentum in an era of potentially lower oil revenues without slipping back into the stop-and-go cycles that …

We believe in the power of energy to help transform lives, enhance communities, and advance human progress. As our business operations expand, so do the actions we undertake aimed …

Feb 18, 2025 · Saudi Arabia’s crude oil exports fell in December by 60,000 barrels per day (bpd) from the seven-month high in November, the latest data from the Joint Organizations Data …

Sep 5, 2024 · Saudi Arabia has a superpower. Not only is it the largest exporter of crude oil in the world; its production costs for oil projects are also the lowest in the world, at around just $10 per...

Get the latest Saudi Oil news, all in one place. Comprehensive Saudi Oil news aggregated from over 14,000 sources from around the world.

Sep 26, 2024 · Saudi Arabia is ready to abandon its unofficial price target of $100 a barrel for crude as it prepares to increase output, in a sign that the kingdom is resigned to a period of …

Aug 25, 2025 · Saudi Arabia's oil transition under Vision 2030 faces steep challenges. Explore how economic reliance on oil complicates energy diversification and renewable growth.

2 days ago · Saudi Arabia's Midad Energy has emerged as one of the leading contenders to buy Russian oil major Lukoil's international assets, leveraging deep political ties with Moscow and …

The proven oil reserves in Saudi Arabia are reportedly the second largest in the world, estimated in 2017 to be 268 billion barrels (4.3×10^10 m 3) (Gbbl hereafter), including 2.5 Gbbl in the …