Saudi Arabia has reported a sharp decline in crude oil production amid the Iran war, with output falling by 1.9 million barrels per day (bpd) to 6.2 million bpd.

Saudi Arabia notified OPEC of the decline, which brings its crude production to its lowest level since 1990.

The reported drop comes amid disruptions and heightened risks to energy supplies linked to the ongoing Iran war.

Saudi Arabia's crude output now stands at 6.2 million bpd, down from the previous level of 8.1 million bpd.

The decline marks a significant contraction in production from one of the world's largest oil producers and comes as global energy markets face growing uncertainty.

Crude exports plunge nearly 40%

Provisional tanker-tracking data also indicates a sharp decline in Saudi crude exports in August.

According to the data, Saudi crude exports fell by around 40%, from 5.1 million bpd to 3.1 million bpd.

The figures point to a substantial reduction in the volume of Saudi crude reaching international markets as the conflict continues to weigh on regional energy flows.

The production and export declines have coincided with a surge in global oil prices.

Brent crude has risen above $108 per barrel as markets assess the impact of the Iran war on oil production, exports, and regional energy supplies.

Source:Websites