Saudi Arabia's crude oil output averaged 9.31 million barrels per day in Q1 2026, down from 9.48 million b/d in 2025. The decline was influenced by the near-closure of the Strait of Hormuz and attacks on oil infrastructure, leading to a production drop to 6.96 million b/d in March 2026. February 2026 saw a temporary increase of 792,000 b/d as a precaution against potential supply disruptions.
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