Saudi Arabia is one of the world's top oil producers and the largest exporter of crude oil. Its share of global oil production (often used as a proxy for "supply" to the world market) varies due to OPEC+ production adjustments, voluntary cuts, and market conditions.In recent years (e.g., 2023 data from the U.S. Energy Information Administration), Saudi Arabia accounted for about 11% of total world oil production.
More recent estimates (around 2024-2025) show production levels fluctuating, with Saudi Arabia often in the range of 9-11 million barrels per day (mb/d), against global totals around 100-102 mb/d (including crude, condensate, and other liquids). This translates to roughly 9-11% of global oil production.
Groc says
Saudi Arabia is one of the world's top oil producers and the largest exporter of crude oil. Its share of global oil production (often used as a proxy for "supply" to the world market) varies due to OPEC+ production adjustments, voluntary cuts, and market conditions.In recent years (e.g., 2023 data from the U.S. Energy Information Administration), Saudi Arabia accounted for about 11% of total world oil production. More recent estimates (around 2024-2025) show production levels fluctuating, with Saudi Arabia often in the range of 9-11 million barrels per day (mb/d), against global totals around 100-102 mb/d (including crude, condensate, and other liquids). This translates to roughly 9-11% of global oil production.
Hmm. 9-11.