Saudi Arabia’s oil production slumps to lowest in 36 years as war bites

🇸🇦 Al-Monitor Middle East (SA) —
Saudi Arabia’s oil production slumps to lowest in 36 years as war bites

AI Summary

Saudi Arabia reported a significant drop in crude oil production to 6.238 million barrels per day in August, the lowest output in 36 years. The decline of 1.9 million barrels is attributed to impacts from ongoing regional conflict.

The kingdom reported to OPEC that crude output fell by 1.9 million to 6.238 million barrels per day in August.

World Markets Commodities Energy Saudi Arabia oil production OPEC crude output Middle East energy market oil prices

Read original source →