Saudi Arabia Crude Output Hits 30-Year Low As Non-Gulf Producers Step Up

Saudi Arabia has found itself at the centre of the fallout from the US-Iran conflict. The world's largest oil exporter is grappling with severe disruptions to its oil sector, with crude production falling to its lowest level in more than three decades.Saudi Arabia's crude oil production dropped by 3.86 million barrels per day (mb/d) from pre-war levels after the conflict began in February 2026. Output, which held steady at around 10.1 mb/d between November 2025 and February 2026, fell to 7.76 mb/d in March and declined further to 6.24 mb/d in August, the lowest level since 1990.The decline comes amid a series of attacks on Saudi energy infrastructure. The Saudi Press Agency (SPA) recently reported that the Houthi militia continues to target the kingdom's critical infrastructure and national assets.