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Saudi Arabia Oil Consumption [1965 2019] [Data & Charts]

Saudi Arabia’s Oil Consumption data is updated yearly, averaging 1,160.935 Barrel/Day th from Dec 1965 to 2018, with 54 observations. The data reached an all-time high of 3,886.449 Barrel/Day th in 2015 and a record low of 389.574 Barrel/Day th in 1965. Saudi Arabia’s Oil Consumption data remains active status in CEIC and is reported by BP PLC.

Summer Again: The Swing in Oil Demand in Saudi Arabia

Summer Again: The Swing in Oil Demand in Saudi Arabia1 Bassam Fattouh It is the time of the year when Saudi Arabia’s domestic energy consumption is in the limelight. During the summer, Saudi Arabia faces some of its sharpest upward swings in oil

Saudi Arabia budget insulated from effects of lower oil

If oil prices remain low for an extended period and spending levels remain similar to recent history, Saudi Arabia will continue to run a budget deficit. Even with the SWF, Saudi Arabia's ability to grow, strengthen, and even diversify its economy depends on a steady stream of revenue from the sale of this oil over the long term.

Oil reserves in Saudi Arabia Wikipedia

The proven oil reserves in Saudi Arabia are the 2nd largest in the world, estimated to be 268 billion barrels (43 × 10 ^ 9 m 3) (Gbbl hereafter), including 2.5 Gbbl in the Saudi–Kuwaiti neutral zone. They are predominantly found in the Eastern Province.

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Saudi Arabia Oil Consumption YCharts

Saudi Arabia Oil Consumption is at a current level of 3.724M, down from 3.838M one year ago. This is a change of -2.97% from one year ago.

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