Dec 20, 2025
Saudi Arabia’s crude oil exports hit their highest level in two and a half years in October, according to data from the Joint Organizations Data Initiative reported by Reuters. Crude exports from the world’s largest oil exporter increased to 7.100 million barrels per day (bpd), higher than September’s 6.460 million bpd, and their highest level since April 2023.
Saudi Arabia’s crude output, meanwhile, stood at about 10 million bpd in October, its highest since April 2023. Output in September stood at 9.966 million bpd. Refinery crude throughput in the kingdom fell to 2.712 million bpd in October, a 7.8% fall from September’s 2.940 million bpd, JODI data showed, while direct crude burning decreased by 92,000 bpd to 393,000 bpd.
“With the Group of Eight OPEC+ member states unwinding their production cuts further in October and local demand seasonally declining, more crude was available for exports,” said UBS analyst Giovanni Staunovo. The eight OPEC+ members have increased output targets by 2.9 million barrels per day since April, before agreeing to pause hikes for the first quarter of 2026.
Other producers, such as the U.S. and Brazil, are also increasing supply, adding to concerns of a glut. Earlier this month, OPEC forecasted that demand for OPEC+ crude will average 43 million bpd in 2026, unchanged from last month and close to what OPEC+ produced in November. Should OPEC+ keep pumping at November’s rate in 2026 and other things remain equal, production would be 60,000 bpd higher than demand, according to a Reuters calculation based on the OPEC report.
Saudi Arabia’s crude exports to China are set to touch a three-month high in January after the kingdom slashed its official selling prices to Asia, sources said early last week.
This report provides an in-depth analysis of the crude oil market in Saudi Arabia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:Country coverage:Data coverage:Market volume and valuePer Capita consumptionForecast of the market dynamics in the medium termTrade (exports and imports) in Saudi ArabiaExport and import pricesMarket trends, drivers and restraintsKey market players and their profilesReasons to buy this report:Take advantage of the latest dataFind deeper insights into current market developmentsDiscover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
How to diversify your business and benefit from new market opportunitiesHow to load your idle production capacityHow to boost your sales on overseas marketsHow to increase your profit marginsHow to make your supply chain more sustainableHow to reduce your production and supply chain costsHow to outsource production to other countriesHow to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
REPORT DESCRIPTION
RESEARCH METHODOLOGY AND THE AI PLATFORM
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
KEY FINDINGS
MARKET TRENDSThis Chapter is Available Only for the Professional EditionPRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and its Prospects
MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
MARKET FORECAST TO 2035
4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION
Finding New Products to Diversify Your Business
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
BEST-SELLING PRODUCTS
MOST CONSUMED PRODUCTS
MOST TRADED PRODUCTS
MOST PROFITABLE PRODUCTS FOR EXPORTS
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
TOP COUNTRIES TO SOURCE YOUR PRODUCT
TOP PRODUCING COUNTRIES
TOP EXPORTING COUNTRIES
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Export
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
TOP CONSUMING MARKETS
UNSATURATED MARKETS
TOP IMPORTING MARKETS
MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
8. IMPORTS
The Largest Import Supplying Countries
IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
9. EXPORTS
The Largest Destinations for Exports
EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
Key Findings In 2024
Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
Imports, In Physical Terms, By Country, 2012–2024
Imports, In Value Terms, By Country, 2012–2024
Import Prices, By Country, 2012–2024
Exports, In Physical Terms, By Country, 2012–2024
Exports, In Value Terms, By Country, 2012–2024
Export Prices, By Country, 2012–2024
LIST OF FIGURES
Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
Trade Balance, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
Trade Balance, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
Market Volume Forecast to 2035
Market Value Forecast to 2035
Market Size and Growth, By Product
Average Per Capita Consumption, By Product
Exports and Growth, By Product
Export Prices and Growth, By Product
Production Volume and Growth
Exports and Growth
Export Prices and Growth
Market Size and Growth
Per Capita Consumption
Imports and Growth
Import Prices
Production, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
Imports, In Physical Terms, By Country, 2024
Imports, In Physical Terms, By Country, 2012–2024
Imports, In Value Terms, By Country, 2012–2024
Import Prices, By Country, 2012–2024
Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
Exports, In Physical Terms, By Country, 2024
Exports, In Physical Terms, By Country, 2012–2024
Exports, In Value Terms, By Country, 2012–2024
Export Prices, By Country, 2012–2024