Saudi Arabia’s oil supply to the market fell to 7,763 thousand barrels per day in March 2026, the lowest since June 2020, down by 2,348 tb/d from 10,111 tb/d in February, according to OPEC data, as the Middle East conflict severely disrupted exports. Production also dropped to 6,967 tb/d from 10,882 tb/d. Similar declines were seen across the region, with Iraq’s supply falling to 1,906 tb/d from 4,140 tb/d, Kuwait to 1,200 tb/d from 2,580 tb/d, and the UAE to 1,908 tb/d from 3,390 tb/d. The six-week closure of the Strait of Hormuz has forced producers to curb output, tightening global supply. Tensions escalated further after US President Donald Trump threatened to block Iranian flows following failed talks, prompting warnings of retaliation from Tehran. OPEC cut its global demand outlook for the second quarter by 500,000 barrels per day, while maintaining its full-year forecast, with producers set to review output plans again on May 3. source: Organization of the Petroleum Exporting Countries
Crude Oil Production in Saudi Arabia decreased to 7763 BBL/D/1K in March from 10111 BBL/D/1K in February of 2026. Crude Oil Production in Saudi Arabia averaged 8305.06 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 April of 2026.
Crude Oil Production in Saudi Arabia decreased to 7763 BBL/D/1K in March from 10111 BBL/D/1K in February of 2026. Crude Oil Production in Saudi Arabia is expected to be 10250.00 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 11200.00 BBL/D/1K in 2027 and 11800.00 BBL/D/1K in 2028, according to our econometric models.