Saudi oil output drops in August
Saudi Arabia's crude oil production decreased by 75,000 barrels per day in August, reaching 7.276 million barrels, compared to 7.352 million barrels in July, despite the average production in 2025 rising to 9.471 million barrels per day. At the OPEC level, total output increased by 346,000 barrels to reach 24.081 million barrels per day, while Iraq experienced a surge of 664,000 barrels, bringing its production to 3.378 million barrels per day in August. Some countries, such as Russia, saw a decline of 160,000 barrels, bringing its production to 8.718 million barrels per day, with overall production from OPEC and non-OPEC countries rising to 38.055 million barrels per day.
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