Saudi Arabia's Oil Revenues Soar to $210 Billion Amid Rising Exports

Saudi Arabia's oil exports have bounced back to around 5.5 million barrels per day in September, according to data from Kpler. This surge has led to an estimated annual oil export revenue of approximately $210 billion, a significant increase from the $150 billion before the Iran conflict.

The country's east-west pipeline has been reopened and is currently transporting around 3.5 million barrels per day, putting downward pressure on crude oil prices. Brent crude oil futures prices have risen by 75% this year, contributing to Saudi Arabia's increased revenue.

Robin Brooks, a senior fellow at the Brookings Institution, noted that Saudi Arabia may be the sole winner in the Middle East conflict. He stated that the kingdom's annual oil export revenues have risen from $150 billion before the Iran conflict to approximately $210 billion, equivalent to more than 6% of the country's GDP.