#saudicrudeoutputhitslowestsince1990 🇸🇦
BREAKING: Saudi Arabia's oil production has officially fallen to its lowest
level in 36 YEARS.
Output fell 1.9 MILLION barrels per day to just 6.2 MILLION bpd in August, the lowest since the 1990
Gulf War.
Both of its export routes are now under attack, with Hormuz threatened by Iranian forces and the Red Sea by Houthi militants.
Meanwhile, Crude exports plunged roughly 40% in a single month, from 5.1 MILLION to 3.1 MILLION barrels per day.$PYPL $COTI $SUI
BREAKING: Saudi Arabia's oil production has officially fallen to its lowest
level in 36 YEARS.
Output fell 1.9 MILLION barrels per day to just 6.2 MILLION bpd in August, the lowest since the 1990
Gulf War.
Both of its export routes are now under attack, with Hormuz threatened by Iranian forces and the Red Sea by Houthi militants.
Meanwhile, Crude exports plunged roughly 40% in a single month, from 5.1 MILLION to 3.1 MILLION barrels per day.$PYPL $COTI $SUI
