14 Hrs
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الاقتصادية
OPEC output hits lowest since 2000
OPEC's production in May 2026 declined to its lowest level since 2000, dropping by 1.06 million barrels per day to reach 16.13 million barrels per day. This decrease was due to the impact of the US blockade on Iran's exports and disruptions in navigation through the Strait of Hormuz. This downturn occurred despite OPEC+ members agreeing to increase production, reflecting the influence of geographical and political conflicts on the global oil market. Iran, one of the organization's largest producers, was significantly affected by US sanctions, with its exports falling to their lowest levels in six years.
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