Event
Energy
OPEC oil production declines due to Middle East conflict
2 sourcesPublished · Updated
In August, OPEC oil production decreased due to export disruptions from Saudi Arabia and a blockade of Iranian ports. The conflict in the Middle East affected OPEC+'s plans to increase output.
Key facts
- Decrease in oil production in August
- Export issues from Saudi Arabia
- Blockade of Iranian ports
- OPEC+ plans to increase output
OPEC · Saudi Arabia · Iran
Sources2
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