Forbes | Saudi Arabia Proves That Oil Is Power Forbes According to the 2018 BP Statistical Review of World Energy, in 2017 Saudi Arabia produced 12 million barrels of oil per day. That accounted for 12.9% of the world's oil production, which is in the range of the world's two other major oil production ... The global oil market doesn't believe Khashoggi death will lead to a major Middle East conflict Is Saudi Arabia Helping Trump in the Midterms? Davos In The Desert Could Yield $50B In Oil & Gas Deals |