OPEC Oil Output Falls in August Due to Middle East Conflict and US Blockade

AI-generated NewsSnap summary based on source reporting.
Published: 2026-09-10
Category: finance
Source: Investing.com (Reuters survey)

OPEC's oil output fell by 640,000 barrels per day month-on-month to 19.71 million bpd in August, according to a Reuters survey. This decline is primarily due to new disruptions in Saudi exports and a U.S. blockade impacting Iran's shipments, both stemming from the ongoing conflict in the Middle East.

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