Saudis Tell OPEC That Output Slumped Again to Lowest Since 1990

Saudi Arabia has told OPEC that its oil output slumped again, reaching the lowest level since 1990. The decline could reflect production disruptions, voluntary cuts, or broader constraints affecting the kingdom’s energy sector. Lower Saudi output may tighten global supplies and support higher crude prices, adding pressure to consumers and energy-importing economies. OPEC members are expected to assess the figures closely as they weigh market stability, production targets, and the potential effects of continued disruptions on worldwide oil demand growth.