Oil and gas
Macroeconomic impact of the entire energy sector is estimated to represent 40 percent of the Kingdom’s GDP
Seasonally adjusted real GDP rose by 1.4 percent compared to the first quarter of 2024
The Fund highlighted resilient non-oil growth in the Kingdom, applauded record low unemployment
Domestic non-oil exports, excluding re-exports, rose by 1.4 percent
Capital Maritime and Trading Corporation agreed to deliver the carriers to Bahri in multiple batches before the end of Q1 of 2025
Aramco’s total production could rise from 12.9 million barrels per day in 2023 to 14.1 million barrels per day by financial year 2028
Nasser foresees resilient oil fundamentals despite price decline, sees demand growth of 1.6-2 million bpd
Crude oil production increased to 8.99 million bpd, reflecting a monthly rise of 0.08 percent
Saudi Arabia sees 7.7 percent annual surge in manufacturing activity in April 2024
Non-oil activities also rose by 0.9 percent in the first three months of 2024 compared to the previous quarter
Brent oil futures expiring in July dropped 0.3 percent to $81.61 per barrel
Brent oil futures for July delivery held steady at $83.61 per barrel
Brent crude futures for July delivery rose 0.3 percent to $84.51 per barrel
Brent crude oil futures expiring in July edged 0.1 percent lower to $83.04 per barrel
The rating reflects the government's significant progress in implementing a broad-based reform agenda since 2016
Brent oil futures for July delivery gained 0.1 percent to $82.22 per barrel
By 2025, the Kingdom is expected to account for 67 percent of the MENA region's total E&P expenditure
Brent crude oil futures for July delivery fell 0.1 percent to $81.31 per barrel
Brent crude oil futures expiring in July declined 0.7 percent to $81.35 per barrel
Brent crude oil futures expiring in July slid 0.6 percent to $82.40 per barrel
Brent crude futures fell 44 cents, or 0.53 percent, to $83.27 a barrel
Brent oil futures expiring in July rose 0.3 percent to $84.19 per barrel
Brent crude futures for July delivery edged up 0.1 percent to $83.33 per barrel
