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6.2 mbd: Saudi Arabia reports lowest oil exports since 1990
Saudi Arabia's crude oil output significantly dropped last month to its lowest point since 1990. Renewed hostilities between the United States and Iran impacted the kingdom's export routes. This production slump illustrates the fallout of the prolonged Iran conflict on West Asia energy producers. Saudi crude exports also fell by about a third in August, according to data. The kingdom may have drawn down some inventories to meet market supply.
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cryptobriefing.com
OPEC crude oil production falls 900,000 barrels per day in August as Saudi Arabia curbs output
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
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Saudi oil output hits lowest since 1990 amid Middle East supply disruptions
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.
