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English: This chart shows the nominal price of gold along with the price in 1971 and 2011 dollars (adjusted based on the consumer price index). The historical gold price was obtained from www.igolder.com; CPI was obtained from www.rateinflation.com. The data is in section Chart Data.
Location of Saudi Arabia. Saudi Arabia is a sovereign Arab state in Western Asia constituting the bulk of the Arabian Peninsula. The country's command economy is petroleum-based but slowly diversifying; in 2017 58% of budget revenues and 85% of export earnings came from the oil industry.
As of 2024, Saudi Arabia's GDP per capita has surpassed all other GCC countries except Qatar and the United Arab Emirates. Saudi Arabia's GDP per capita is estimated to be approximately $33,040 in nominal terms, ranking it 35th globally, and $70,333 in purchasing power parity (PPP) terms, ranking it as the 15th highest in the world [[15]]
The company is 81.24 percent owned by the government, both directly (74.31%) and through Saudi Aramco (6.93%). [3] A Saudi Electricity Company building in Al-Khobar. In 2015, SEC, Taqnia Energy and King Abdulaziz City for Science and Technology (KACST) agreed to collaborate to build and operate the first standalone solar power station in the ...
Saudi Arabia Heavy 27° Saudi Arabia: Saudi Arabia Light 34° Saudi Arabia: Saudi Arabia Medium 31° Saudi Arabia: Saxi Batuque Blend 32.8° 0.32% ExxonMobil: Angola: Saxi Batuque FPSO offshore Schiehallion Blend 25.5° 0.47% BP: United Kingdom: Sullom Voe: Senipah 51.9° 0.03% Indonesia: Senipah: Seria Light 36.2° 0.08% Brunei: Seria Light ...
Saudi Arabia's Köppen climate classification map.. The climate of Saudi Arabia is marked by high temperatures during the day and low temperatures at night. The country follows the pattern of the desert climate, with the exception of the southwest, which features a subtropical highland climate and a semi-desert climate.
On 8 March 2020, Saudi Arabia announced unexpected price discounts of $8 to $6 per barrel to customers in Europe, Asia, and the United States. The announcement triggered a free fall in oil prices and other consequences that day, with brent crude falling by 30%, the largest drop since the Gulf War.
When acting as such, the Saudi government would increase or decrease oil production to maintain a more stable price. [7] Saudi Arabia produced 10.3 million barrels per day (1.6 × 10 ^ 6 m 3 /d) (Mbbl/d) in 1980, 10.6 Mbbl/d in 2006, [8] and in the region of 9.2 Mbbl/d in 2008. [9]