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In the short run, all oil exporting countries including Saudi Arabia are affected by the low oil prices. But Saudi Arabia benefits in the long run with estimated currency reserves of about $700 billion, allowing it to bear current low oil prices for a few more years. Low oil prices also give Saudi Arabia political power over other oil exporting countries that are its political rivals. For example, Saudi Arabia clashed with Russia and Iran over the Syrian conflict when the latter kept supporting Bashar al-Assad's regime against Saudi Arabia and its western coalition.
In 2013, according to data from IndexMundi - Country Facts, Saudi Arabia produced an average of 9,693,150 barrels.... per day! There are a total of 31.5 gallons in a barrel. This means that Saudi Arabia produced a total of 305,334,225 gallons of oil per day in 2013. Views.