The latest monthly report from the Organization of the Petroleum Exporting Countries (OPEC) reveals a steep decline in Iran’s crude oil ...

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 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