Renewable Vision · every morning at 6:00 Riyadh
Daily Energy Report · Saudi Arabia and the Gulf
12 November 2026 · Issued 05:50 RiyadhLive · updated 06:10
Brent rose to $92 /bbl on Thursday, according to Okaz
The Ministry of Energy stated that renewable projects under development in the Kingdom total 79 GW, according to Al Sharq Al Awsat. Renewable Vision reported that operational renewable capacity stands at 14.2 GW, under construction 33.6 GW, with 22.6 GW tendered toward the 130 GW 2030 target. JODI data show that August 2026 oil production fell to 6.24 million b/d, the lowest in twelve months.
Latest price: Brent was at $91.62 a barrel on 12 November 2026, BigGo Finance reported. BigGo Finance · 05:36
Sources: JODI (Joint Organisations Data Initiative), Renewable Vision, Asharq Al-Awsat, OilPrice.com, Attaqa, Okaz, PV Tech, Energy-Storage.news.
The scorecard
The last trading session, the Kingdom’s latest official figures, and the day’s activityMarkets at the last session’s close
- ▼ −14.4% vs 3 Nov
- ▼ −23.7% month to date
- ▲ +49.3% year to date
- ▸ Lowest close in 30 sessions
- ▸ 3 falls in a row
The Kingdom: latest official figures
The Kingdom’s figures against their targets are for RV Plus members. Get RV Plus
Today in the news
- 6stories
- 7deals and contracts
- 0tenders and awards
- 0project moves
Green is up and red is down: direction only.
The morning brief
Three points ready for the morning meeting- Brent fell to $91.62 /bbl today, per BigGo Finance, the lowest in 30 sessions.
- The Energy Ministry announced 79 GW of renewable projects under development and a 44 Mt carbon storage target, according to Al Sharq Al Awsat and Okaz.
Analysis
For the morning call: what happened and why it mattersBrent closed at 91.62 $/bbl on 12 Nov (BigGo Finance), −14.4% against 3 Nov and +49.3% year to date. Lowest close in 30 sessions. 3 falls in a row.
The full morning-call analysis, on the Kingdom, projects and what it means for energy businesses, is for RV Plus members. Get RV Plus
Number of the day
$91.62
Brent moved −14.4% to $91.62 a barrel (12 November 2026).
Source: Renewable Vision, Daily Energy Report, 12 November 2026 (BigGo Finance).
The day in one picture
Renewable Vision's reading of today's news in numbers, ready to sharePage two: the Kingdom's official figures, the markets at the last session and our track record, for RV Plus members. Get RV Plus
Page three: projects and tenders across the Gulf in numbers, for RV Plus members. Get RV Plus
Top energy news
From the last 24 hours- OfficialHigh relevance for the Kingdom
Saudi Arabia tells OPEC its crude output rose 26% in October
Saudi Arabia told OPEC it produced 10.563 million barrels of crude a day in October, up from 8.372 million in September and its highest since February, when it produced 10.882 million. OPEC+ crude output rose by 2.04 million barrels a day to 41.23 million, according to OPEC's monthly report released on Wednesday.
Asharq Al-Awsat · 17:54 - RenewablesHigh relevance for the Kingdom
Renewable projects under development total 79 GW
Shows ambition to reach the 130 GW 2030 target.
Asharq Al-Awsat · 23:34 - OilRelevant for the Kingdom· ▲ Upward
Crude back at 80% in Gulf, refined products at 35%
A report indicated that crude share in the Gulf rose to 80%, while refined products held only 35% share. This shows the Gulf markets regaining supply balance.
Boosts crude supply in the region, supporting prices.
OilPrice.com · 21:00
3 more stories in the full report. Get RV Plus
The full report is for RV Plus members
- All of the last 24 hours' energy news, and the table of today's deals and contracts
- The Kingdom's tenders, awards and projects, its crude balance and official figures
- Today's prices published in the last day, each with its source and time
- The Brent outlook from Renewable Vision's proprietary model, with its track record
- The PDF and an Excel file of every table, every morning
- Every past issue, and email alerts when Brent moves 3% or new official figures arrive
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Sources, method and editorial rules
The Kingdom: Saudi Arabia's monthly crude figures as reported to the Joint Organisations Data Initiative (JODI), and Renewable Vision's power balance, solar outlook and project ledger, built from the Principal Buyer's and SWPC's registers and the renewables tracker. Prices: EIA spot prices via FRED (published a few working days behind the market); EIA weekly crude stocks; IMF monthly averages for Dubai, European gas and Asian LNG. Headlines: EIA, OilPrice.com, Rigzone and the publishers the site follows; each event links to its source. The 3-2-1 crack is two barrels of New York Harbor gasoline and one of heating oil against three of WTI, from the same EIA series.
Editorial rules: Renewable Vision is an energy platform. The dialogue reports facts with their sources and carries no political or security news; where developments move the markets, it refers to them in market terms only. Saudi news is taken only from official sources and Saudi and Gulf media, reported as published and never interpreted or price-scored. Headlines listed in their publishers' own words come from official sources only.
Information, not investment advice. The outlook is a statistical range, not a recommendation to buy or sell.