Saudi Arabia and other oil producers faced a unique set of challenges last year. The kingdom’s energy sector leadership had to navigate the Israel-Iran conflict in June, US tariffs and policy uncertainty from the White House, all while steadily unwinding Opec+ production cuts.

The release of December Jodi statistics (see table for full data) provides a clearer picture of how Saudi Arabia managed its oil and gas reserves amid the tumult, and highlights the extent to which 2025 was a landmark year for the kingdom. There has been considerable focus on last year’s unwinding of Opec+ cuts, which enabled Saudi Arabia to increase production by 527,000 b/d to an annual average of 9.48mn b/d, but the most profound changes lie elsewhere. Oil burn fell by a massive 115,000 b/d last year to a six-year low of 991,000 b/d (see chart 1), and the decline appears structural. (CONTINUED - 986 WORDS)

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