Saudi Arabia’s crude output fell to 6.24 mb/d in August 2026, its lowest since 1990, after a steady 10.1 mb/d from November 2025 to February 2026.
The decline follows a series of attacks on Saudi energy infrastructure, including the East‑West Pipeline in the Riyadh and Madinah regions on September 10 2026, according to a Saudi Ministry of Energy source.
Saudi Aramco has halted supplies to some Indian refiners and trimmed allocations to European customers, underscoring the strain on the kingdom’s export capacity, said a senior Aramco spokesperson.
In contrast, non‑Gulf producers have stepped up by 2.3 mb/d since February, with the U.S. adding 520 kb/d, Brazil 470 kb/d, Kazakhstan 440 kb/d, Venezuela 300 kb/d and Nigeria 200 kb/d, boosting global supply, the IEA reported.
Saudi Arabia will unveil a recovery strategy at the Gulf Energy Summit on October 5, and is coordinating with the UAE to reroute crude through alternative routes bypassing the Strait of Hormuz.