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Ex-Goldman Sachs Expert: Oil Could Boost Saudi Arabia Risks
Oil prices surged significantly during 2026, helping to increase Saudi Arabia's revenues despite a decline in export volumes due to attacks on the East-West pipeline. According to experts, the kingdom's oil earnings are expected to reach approximately $210 billion annually, an increase of about $60 billion compared to pre-war forecasts, driven by rising Brent prices and export volumes at various stages of the year. Data shows that the kingdom increased its exports as oil prices rose, with September exports reaching 6.27 million barrels per day, the highest level since the beginning of the conflict. These increases are crucial for financing government spending and supporting non-oil activities, as dependence on high prices continues to maximize revenues.
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