Saudi Arabia

OPEC

Middle East

Production

9.6M bbl/d

Imports

581.5K bbl/d

Exports

8.2M bbl/d

Net Balance

7.7M bbl/d

Net exporter

Consumption by Product

2022 · thousand bpd

Petrol27.7%

Diesel19.8%

Kerosene0.5%

Jet Fuel11.4%

LPG8.9%

Fuel Oil21.8%

Other9.9%

Proven Oil Reserves

267.2B

barrels (proven)

~77 yrs

at current production

Abundant

050 yrs100+ yrs

Proven reserves = crude oil in the ground. Many countries import most of their refined fuel (petrol, diesel, jet fuel), so high reserves don't guarantee fuel supply security.

Production Trend

Price History

Refinery Capacity

Capacity

3.2K bbl/d

Throughput

2.9K bbl/d

Utilization

90.6%

Geopolitical Context

OPEC Member

Production quota: 8978K bbl/day

OPEC's de facto leader. Largest spare production capacity globally. Swing producer.

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