OPEC Oil Production Falls to 26-Year Low Amid Supply Disruptions

LONDON: The oil production of the Organization of the Petroleum Exporting Countries (OPEC) has dropped to its lowest level in 26 years, according to a survey by Reuters.

The report stated that total crude oil output declined significantly in April, falling from around 20 million barrels per day to approximately 830,000 barrels per day due to supply disruptions and geopolitical tensions.

One of the most severe declines was recorded in Kuwait, where oil production reportedly fell to zero in April following the closure of the Strait of Hormuz, according to the survey.

Production also declined in Saudi Arabia and Iraq, with Saudi output reportedly dropping to around 7 million barrels per day after reported attacks on energy infrastructure.

In contrast, the United Arab Emirates was the only Gulf country to record an increase in production during the month.

Outside the Gulf region, Venezuela and Libya also reported increases in oil output, according to the same data.

Analysts say the sharp decline in OPEC production reflects ongoing instability in key energy-producing regions and disruptions in global oil supply chains.