In Progressenergyhigh confidence24-Hour Watch
Saudi Arabia Will Increase Oil Production by 1M bpd
Projection
Saudi Arabia will raise crude oil production by at least 1 million barrels per day by mid-2025.
Rationale
Fiscal pressures from Vision 2030 projects and lower oil prices will force Saudi Arabia to prioritize revenue over price support. OPEC+ discipline is weakening as members exceed quotas.
Projection Window
Time remaining
Start
Apr 1, 2025
End
Jul 31, 2025
Evidence
What's Your Call?
813 votesWill Saudi Arabia increase oil production by 1M bpd by mid-2025?
Saudi ArabiaOPECOil ProductionEnergy Markets
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