Saudis Tell OPEC That Output Slumped Again to Lowest Since 1990

🇸🇦 Bloomberg (SA) —

AI Summary

Saudi Arabia reported to OPEC that its crude oil production fell to the lowest level since 1990 due to renewed hostilities affecting its export routes. The production slump is a significant indicator of geopolitical tensions impacting global oil supply.

Saudi Arabia reported to OPEC that its crude oil production plunged again last month, hitting the lowest since 1990 as renewed hostilities between the US and Iran squeezed the kingdom’s export routes.

Conflict Politics Markets Commodities Energy Saudi Arabia OPEC oil production crude oil export routes hostilities

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