Saudi Arabia’s crude output falls to lowest level since 1990

🇸🇦 Hellenic Shipping News (SA) —

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Saudi Arabia’s crude oil production fell to its lowest monthly level since 1990 in August, impacted by renewed US-Iran hostilities disrupting regional exports. The kingdom’s output declined by 1.9 million barrels amid heightened geopolitical tensions.

Saudi Arabia’s crude oil production dropped to its lowest level since 1990 in August, according to data the kingdom reported to OPEC and cited by Bloomberg Thursday. The decline comes as renewed hostilities between the United States and Iran disrupted export routes from the region. Riyadh informed OPEC’s secretariat that its output fell by 1.9 ...

World Conflict Politics Markets Commodities Energy Saudi Arabia crude oil production drop US-Iran hostilities OPEC geopolitical tensions

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