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Saudi Crude Oil Exports Soar to 7-Month High, Impacting Global Markets!
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CNBC Awaaz•26-09-2026, 13:47
Saudi Crude Oil Exports Soar to 7-Month High, Impacting Global Markets!
- •Amidst the Iran conflict, Saudi Arabia's crude oil exports have seen a significant jump this month.
- •Saudi Arabia is exporting about 6 million barrels of crude oil per day in September, the highest level in seven months.
- •Exports in September increased by about 80 percent compared to August's 3.4 million barrels per day.
- •The East-West oil pipeline was shut down after a drone attack, causing Brent crude prices to reach nearly $110 per barrel.
- •Saudi Arabia has resumed crude oil shipments via the Strait of Hormuz, despite ongoing risks from Iran.
Key Questions Answered
Saudi Arabia is exporting about 6 million barrels of crude oil per day in September, which marks the highest level since the start of the Iran conflict approximately seven months ago and represents an 80 percent increase compared to August.
Following the shutdown of the East-West oil pipeline due to a drone attack from Iraq, Brent crude oil prices rose to nearly $110 per barrel before subsequently declining as investor confidence grew.
Saudi Arabia has resumed crude oil exports via the Strait of Hormuz using a passage created by the US military near the coast of Oman, with seven-day average exports reaching 13.2 million barrels per day.
