Saudi Q1 2026 Oil Revenue Hits SAR 144 Billion

Saudi Arabia's oil revenues reached SAR 144 billion in the first quarter of 2026, as global crude prices and forecasts continued to draw close attention across the Kingdom's energy sector.

Price projections for Brent crude in 2026 remain far from uniform. Some forecasts placed the average for the year at roughly $96 to $97 with quarter-by-quarter estimates of around $81 in the first quarter, $115 in the second, $99.8 in the third, and $88 in the fourth. Other estimates were far more conservative, pointing to an annual average nearer $55 to $60, or about $75 in 2027.

Additional market commentary during 2026 cited a March average of around $103 and an April range of $114 to $118, underscoring how widely expectations diverged from one report to the next.

Why it matters

Oil revenue remains a central pillar of public finances and continues to support wider economic activity under رؤية السعودية 2030. Higher revenue expectations under the scenarios in which Brent trades above $100

Still, the actual uplift depends on several factors beyond price alone, including production levels, export volumes, and how prices move through each quarter. For residents and businesses across الرياض, جدة, and beyond, the mixed forecasts serve as a reminder that oil-linked revenue can shift significantly depending on market conditions throughout the year.

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