Saudi Arabia cuts oil output to lowest this year on Houthi threats

🇸🇦 Financial Times (SA) —

AI Summary

Saudi Arabia has reduced its oil output to the lowest level this year due to threats from Houthi rebels, who declared a maritime embargo against the kingdom's exports. This reduction impacts global oil supply as Saudi Arabia is the world's largest oil exporter.

Rebels announced ‘maritime embargo’ against kingdom’s exports in July, forcing world’s biggest exporter to cut production

World Politics Markets Commodities Energy Shipping Saudi Arabia oil output Houthi rebels maritime embargo oil exports global oil supply

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