Saudi Arabia Energy Profile: World’s Top Crude Oil Exporter – Analysis
Saudi Arabia was the world’s third-highest crude oil and condensate producer, the world’s top crude oil exporter, and OPEC’s top crude oil producer in 2023.^1
As part of its OPEC+ membership, Saudi Arabia agreed to 0.5 million barrels per day (b/d) in additional crude oil production cuts that began in May 2023. In June...