Saudi Arabia Oil

267,230,000,000barrels
15.1%
of world reserves
at current production
11,213,958b/d+3.1% YoY
3,695,113b/d+1.2% YoY
Daily Surplus (2024)
+7,176,910b/d

Consumption uses 34% of production.

Production
Consumption
Surplus

Oil Reserves in Saudi Arabia

  • Saudi Arabia has proven oil reserves of 267,230,000,000 barrels (as reported in 2025) (#2 in the world), representing 15.1% of the world's total.
  • As of 2025 production rates, Saudi Arabia has roughly 77 years of proven oil reserves left (crude and condensate reserves ÷ their annual production).

Saudi Arabia Proven Oil Reserves (1980-2025)

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Oil Production in Saudi Arabia

  • Saudi Arabia produced 11,213,958 barrels per day of oil and petroleum liquids in 2025 (#2 in the world), an increase of 3.1% from 10,872,023 barrels per day in 2024.
  • Of that, 9,556,054 barrels per day was crude oil in 2025.
  • And 1,557,863 barrels per day was natural gas plant liquids (NGPL) in 2025.

Saudi Arabia Oil Production (1973-2025)

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Saudi Arabia has years with negative refinery gain. Refinery gain (or processing gain) is the volume difference between the refined products output and crude input.

Oil Consumption in Saudi Arabia

  • Saudi Arabia consumed 3,695,113 barrels per day of oil and petroleum products in 2024 (#5 in the world), an increase of 1.2% from 2023. This represents 3.6% of the world's total oil consumption.
  • Per capita, oil consumption in Saudi Arabia averaged 4.57 us gallons per day in 2024 (#6 in the world).
  • The largest refined-product categories were Other Refined Products (39.5%), Residual Fuel Oil (17.4%), and Distillate Fuel Oil (15.2%).

Saudi Arabia Oil Consumption (1973-2025)

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Saudi Arabia Per Capita Oil Consumption vs World Average (1980-2024)

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Saudi Arabia Refined-Product Consumption Mix (2024)

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(Historical) Oil Imports & Exports in Saudi Arabia

EIA has stopped publishing oil trade data. Imports and exports data shown here are historical and may not reflect current trends.

Saudi Arabia Crude Oil Trade Balance (1980-2018)

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Imports and exports data cover crude oil and lease condensate only, and do not include other petroleum liquids such as natural gas plant liquids (NGPL) or refined products.

oil Balance in Saudi Arabia

  • In 2024, Saudi Arabia produced approximately 10,872,023 barrels per day and consumed 3,695,113 barrels per day of oil, a surplus of 7,176,910 barrels per day.

Saudi Arabia Oil History (1973-2025)

ReservesProductionConsumptionCrude Oil Trade (Historical)
2025267,230,000,000215.1%11,213,958+3.1%210.6%
2024267,192,000,000215.2%10,872,023−4.7%210.5%3,695,113+1.2%53.6%17.3
2023267,192,000,000215.2%11,412,935−7.6%211.1%3,650,634+1.2%53.6%17.45
2022261,600,000,000215.1%12,347,303+12.8%212.3%3,605,594+4.6%53.6%17.82
2021258,600,000,000215%10,948,370−1.3%211.4%3,446,059+2.8%53.5%17.49
202011,090,743−5.5%211.8%3,351,598−5.2%63.7%17.19
2019266,260,000,000215.9%11,741,461−5.4%211.7%3,534,949+0.04%63.5%18.44
2018266,208,000,000215.9%12,405,652+2.7%212.3%3,533,629−3.7%53.5%18.507,340,811−7,340,811
2017266,455,000,000216.2%12,083,637−0.71%212.3%3,667,638+4.3%53.7%18.9407,120,410−7,120,410
2016266,578,000,000216.2%12,170,176+3.5%212.5%3,517,652−2.3%63.6%18.2107,599,336−7,599,336
2015265,789,000,000216%11,763,097+3.8%212.2%3,599,804+1.6%63.8%19.0907,241,955−7,241,955
2014265,850,000,000216.1%11,334,210+0.55%212.1%3,543,148+6.9%63.8%19.4307,119,580−7,119,580
2013265,410,000,000216.1%11,272,067−1.9%212.3%3,314,468−1.3%63.6%18.807,553,337−7,553,337
2012264,520,000,000117.4%11,490,271+4.3%112.7%3,357,750+7.2%53.7%19.7307,396,810−7,396,810
2011264,400,000,000117.9%11,017,795+13%112.4%3,132,970+3.8%53.5%19.0807,076,527−7,076,527
2010264,210,000,000119.5%9,748,230−5.5%211.2%3,017,372+9.7%53.4%19.0705,979,241−5,979,241
2009264,210,000,000119.8%10,314,092−9.7%112%2,750,353+9.2%53.2%18.0605,976,539−5,976,539
2008264,251,000,000119.9%11,428,341+10.9%113.2%2,518,278+6.1%82.9%17.1907,104,545−7,104,545
2007264,209,000,000120%10,304,250−4.4%112.1%2,372,972+16.9%92.7%16.8706,908,886−6,908,886
2006264,310,000,000120.5%10,773,049−1.5%112.6%2,030,454+4.9%112.4%15.0407,060,891−7,060,891
2005261,900,000,000120.5%10,932,961+5.5%112.9%1,936,514+4.6%122.3%14.9707,298,067−7,298,067
2004261,900,000,000120.7%10,365,043+1%112.4%1,852,033+8.9%122.2%14.9706,897,773−6,897,773
2003261,800,000,000121.6%10,260,976+19.9%112.8%1,700,013+2.6%142.1%14.3906,449,330−6,449,330
2002261,750,000,000125.3%8,557,467−2.8%211.2%1,657,025+3.1%142.1%14.7105,362,693−5,362,693
2001261,700,000,000125.4%8,802,999−3%211.5%1,607,450+2.5%142.1%1506,036,997−6,036,997
2000263,500,000,000125.9%9,071,961+6%111.9%1,568,946+4.6%142%15.4206,248,538−6,248,538
1999261,500,000,000125.3%8,557,692−6.7%211.5%1,500,200+4.3%142%15.4205,855,161−5,855,161
1998262,000,000,000125.6%9,176,755+0.49%212.2%1,438,500+4%141.9%15.3306,226,717−6,226,717
1997262,000,000,000125.7%9,131,826+2.4%212.3%1,382,600+3.7%141.9%15.2906,143,096−6,143,096
1996261,000,000,000127.4%8,915,151−0.05%212.4%1,332,700+6.2%141.9%15.3206,107,682−6,107,682
1995261,000,000,000127.7%8,920,007+0.44%212.7%1,254,400−1.9%141.8%15.0106,283,369−6,283,369
1994261,000,000,000127.7%8,880,732+0.11%212.9%1,278,100+1.4%141.9%15.9406,226,251−6,226,251
1993260,000,000,000127.7%8,871,341−1.9%213.3%1,260,000+2.5%141.9%16.406,462,491−6,462,491
1992260,000,000,000127.9%9,042,202+1.3%213.6%1,228,900+6%141.8%16.72206,613,051−6,613,031
1991260,000,000,000126%8,929,153+24.9%213.5%1,158,900+4.6%131.7%16.519,0256,576,327−6,567,302
1990258,000,000,000125.8%7,151,184+30.4%210.8%1,108,100+16.6%111.7%16.569,0254,726,176−4,717,151
1989173,000,000,000119.1%5,485,156−0.31%28.4%950,100−4%131.4%14.919,0253,461,642−3,452,617
1988170,000,000,000119.1%5,501,951+19.3%28.5%989,900+1.5%111.5%16.349,0453,282,941−3,273,896
1987169,000,000,000124.2%4,609,992−10.9%27.4%975,000+0.1%111.5%16.989,0452,594,508−2,585,463
1986171,000,000,000124.5%5,174,016+39.7%28.4%974,000+3.7%101.6%17.959,0453,548,685−3,539,640
1985172,000,000,000124.5%3,703,822−22.8%26.3%939,000+10.5%101.6%18.318,2222,242,549−2,234,327
1984169,000,000,000125.3%4,798,443−5.7%28.1%850,000+7.6%111.4%17.5610,0473,457,714−3,447,667
1983165,000,000,000124.8%5,085,896−21.6%28.8%790,000+9.7%111.3%17.328,2434,044,505−4,036,262
1982168,000,000,000125.1%6,482,992−33.9%211.2%720,000+7.5%121.2%16.7710,1785,674,161−5,663,983
1981168,000,000,000125.8%9,814,948−0.86%216.2%670,000+9.8%131.1%16.596,7729,076,303−9,069,531
1980166,000,000,000125.9%9,900,158+3.9%215.5%610,000130.97%16.049,7929,266,295−9,256,503
19799,531,956+14.8%116.8%
19788,300,712−10.2%215.3%
19779,245,019+7.8%117.2%
19768,576,967+21.2%116.6%
19757,075,074−16.6%214.9%
19748,479,888+11.6%216.8%
19737,596,137215.1%

See also

Sources