Wednesday, October 22, 2025

Saudi’s Maximum Capacity For Oil Production Is Not As Much As Previously Suggested

It very much looks like the Saudis don’t have that much room to pump extra oil, contrary to what President Joe Biden had hoped for in his recent visit.

Saudi Arabia’s Crown Prince Mohammed bin Salman on Saturday announced that the kingdom will be raising its production capacity to 13 million barrels per day by 2027 — meaning current capacity is already hitting the ceiling at an average of 10.7 million bpd in 2021. 

“After that,” Prince Mohammed added, “the Kingdom will not have any more capability to increase production.” 

This revelation is new to many as it was previously suggested that Saudi, which is also the country holding the world’s largest oil reserves, could go up to 15 million bpd. Javier Blas in Bloomberg op-ed cites a 2004 presentation where Aramco told CSIS in Washington that the company could sustain production levels at 10, 12 and 15 million bpd until up to 2054 if necessary. 

According to a recent Reuters report, industry sources are questioning whether 12 million bpd can be reached. A source with access to Aramco insiders said that the company would not be able to pump more than 11 million bpd without drawing on stocks.

This newly unveiled reality underlines long-term global economy concerns, there’s still a long fossil-fuel-hungry road ahead.


Information for this briefing was found via Twitter, Bloomberg, Reuters and the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Steadright Enters MOU To Acquire Historic Goundafa Polymetallic Mine In Morocco

Military Seizes Power in Madagascar After President Flees

Related News

Stephanie McMahon Steps Down As WWE Rumored To Have Been Sold To Saudi Arabia

Stephanie McMahon’s stint as WWE (NYSE: WWE) co-CEO and chairwoman seems short-lived, and possibly permanent. The...

Wednesday, January 11, 2023, 10:49:19 AM

Saudi Arabia Is “Wildly Exaggerating” Its Oil Business – Analyst

The Kingdom of Saudi Arabia is now caught in a bind as the oil crisis...

Tuesday, July 5, 2022, 10:49:00 AM

This Week In China: Easing COVID Policies, Boosting Property Market, Visiting Saudi Oil

As Last Week Tonight host John Oliver would say: “it has been a busy week.”...

Friday, December 9, 2022, 10:11:29 AM

Saudi Arabia Eyes Canadian Mining Sector Despite Foreign Investment Rules

Saudi Arabia’s Minister of Industry and Mineral Resources, Bandar Alkhorayef, recently expressed confidence that the...

Wednesday, October 2, 2024, 02:13:00 PM

Crude Sent Soaring After Saudi Aramco Facility hit by Houthi Rebels Missile

Crude prices were sent higher on Friday, after reports emerged that Saudi Arabia’s Aramco oil...

Friday, March 25, 2022, 12:46:00 PM