Crude Oil Production in Saudi Arabia decreased to 9580 BBL/D/1K in July from 9782 BBL/D/1K in June of 2019. Crude Oil Production in Saudi Arabia averaged 8133.52 BBL/D/1K from 1973 until 2019, reaching an all time high of 11093 BBL/D/1K in November of 2018 and a record low of 2340 BBL/D/1K in August of 1985.
Crude Oil Production in Saudi Arabia is expected to be 9900.00 BBL/D/1K by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Crude Oil Production in Saudi Arabia to stand at 10000.00 in 12 months time. In the long-term, the Saudi Arabia Crude Oil Production is projected to trend around 10300.00 BBL/D/1K in 2020, according to our econometric models.