Oil Price in Saudi Arabia — Brent & WTI Crude Today
Live Brent and WTI crude oil prices with real-time charts. Track how global oil prices affect energy costs in Saudi Arabia. Saudi Arabia consumes approximately 3.5 million bbl/day of crude oil.
Brent Crude Oil
$74.63
USD / barrel
Updated: 2026/3/29 01:35:47
WTI Crude Oil
$70.62
USD / barrel
Updated: 2026/3/29 01:35:47
Brent–WTI Spread
$4.01
Brent $74.63 − WTI $70.62
The Brent-WTI spread reflects the price premium of Brent over WTI crude oil. A moderate spread suggests normal market conditions.
Oil Market & Saudi Arabia
Saudi Arabia is the world's largest crude oil exporter and a founding member of OPEC. The kingdom's production decisions directly influence Brent prices, and its official selling prices (OSPs) are set relative to regional benchmarks including Brent.
As an oil-producing nation, Saudi Arabia's government revenues and economic outlook are closely linked to global crude prices. OPEC+ decisions, geopolitical tensions, and demand forecasts from major consuming nations all influence the price of oil that Saudi Arabia produces and trades.