OPEC Crude Oil Production Falls 900,000 Barrels per Day in August as Saudi Arabia Curbs Output
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11 Articles
OPEC crude oil production fell by 900,000 barrels per day in August, almost entirely due to Saudi Arabia: the kingdom's output fell by one million barrels after the Strait of Hormuz and Red Sea routes were also threatened by anti-tanker attacks and Houthi threats.
Supply from the Organization of Petroleum Exporting Countries declined by 900,000 barrels a day last month
OPEC Output Slumps as Conflict Curbs Saudi Flows, Survey Shows
OPEC’s crude oil production tumbled in August, snapping a two-month recovery, as output from group leader Saudi Arabia was curbed by threats to both of its export routes, according to a Bloomberg survey.
Saudi Oil Exports Hit Nine-Year Low, Report Says
Saudi Arabia's crude oil exports fell to their lowest level in nine years, according to a report highlighted by The Cradle and referenced by ZeroHedge. The reduction places new pressure on global energy markets already strained by conflict and supply disruptions. According to the report, the kingdom's exports averaged approximately 5.6 million barrels per day (bpd) in August [1]. The decrease represents a continuation of deliberate production po…
Production from the Organization of the Petroleum Exporting Countries (OPEC) plunged in August 2026, ending a recovery trend.
OPEC oil production fell sharply in August, halting a two-month recovery, according to a Bloomberg survey. The agency said the main reason was that cartel leader Saudi Arabia cut output amid growing concerns about both export routes. OPEC daily oil supplies fell by 900,000 barrels last month to an average of 19.91 […]
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