Saudi Arabia's crude oil output fell to 6.238 million bpd in August 2026, the lowest since 1990, as the US-Iran conflict disrupts key export

OPEC crude output dropped 900,000 bpd in August as Saudi Arabia's production fell over 1 million bpd to 6.98 million bpd amid export route

Saudi oil output drops to its lowest since 1990 amid supply disruptions. Crude oil reaches a new all-time high by December 31 at 11.5% YES.