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Historic Decline in Saudi Oil Production - Iqtissad Al Balad

May 14, 2026اقتصاد البلدiqtissadalbalad.dzTranslated from Arabic
Historic Decline in Saudi Oil Production - Iqtissad Al Balad

Global energy markets are experiencing a dramatic turn reminiscent of the Gulf War of 1990; Saudi Arabia recorded a sharp decline in its oil production to 6.316 million barrels per day in April. This drop, the lowest in over three decades, is not just a passing number but an indicator of a geopolitical earthquake hitting the core of the global economy.

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