Saudi Arabia’s economic diversification investments are accelerating under its radical Vision 2030 program, but this is all being financed by crude oil revenues. Meanwhile unconventional gas developments and renewable energy are gaining traction as Saudi Arabia aims to end domestic oil burn.
Crude Output | 10.57 | mn b/d |
Crude Exports | 7.364 | mn b/d |
Gas Output | 9.6 | bn cfd |
Oil Export Revenue | 327 | $bn |
Electricity Consumption | 309 | TWh |
19 Apr, 2024
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Saudi Arabia’s oil demand is expected to increase sharply this year as its economy returns to growth. Early signs all point to this bearing out, with consumption of key fuels setting a strong pace in early 2024.
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