Saudi Arabia’s crude oil production fell by 1.9 million barrels a day to 6.238 million barrels a day in August 2026, its lowest level since 1990, as the conflict between the US and Iran intensified. Despite the steep fall in output, Saudi Arabia’s oil supply to the market reached 7.122 million barrels a day in August, exceeding production. The gap suggests the kingdom may have relied on inventories to maintain oil supplies to the market amid ongoing disruptions. source: Organization of the Petroleum Exporting Countries
Crude Oil Production in Saudi Arabia decreased to 6238 BBL/D/1K in August from 8135 BBL/D/1K in July of 2026. Crude Oil Production in Saudi Arabia averaged 8295.52 BBL/D/1K from 1973 until 2026, reaching an all time high of 12007.00 BBL/D/1K in April of 2020 and a record low of 2340.00 BBL/D/1K in August of 1985. This page provides the latest reported value for - Saudi Arabia Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Saudi Arabia Crude Oil Production - values, historical data and charts - was last updated on September of 2026.
Crude Oil Production in Saudi Arabia decreased to 6238 BBL/D/1K in August from 8135 BBL/D/1K in July of 2026. Crude Oil Production in Saudi Arabia is expected to be 7200.00 BBL/D/1K by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Saudi Arabia Crude Oil Production is projected to trend around 10800.00 BBL/D/1K in 2027 and 11000.00 BBL/D/1K in 2028, according to our econometric models.