War drains 2bn barrels of Middle East oil output — Kpler
The ongoing war in the Middle East has caused over 2 billion barrels in crude oil production outages, with 5 million bpd still offline, says Kpler. Read More: https://punchng.com/war-drains-2bn-barrels-of-middle-east-oil-output-kpler/
In the last week of September, Saudi Arabia's crude oil output neared its maximum capacity of 12 million barrels daily, while exports averaged 9.1 million barrels daily, marking the highest level since the COVID-19 pandemic. However, Kpler, an energy intelligence firm, estimates that around 5 million barrels daily of Middle Eastern crude and condensate production remains offline, compared to February 2026 levels.
Iran is primarily responsible for the bulk of the production shortfall, with its output driven by domestic demand and constrained by onshore crude inventories. Saudi Arabia's oil supply outlook remains uncertain despite pipeline operations resuming five to six days after being targeted, with flows recovering to 5.8 million barrels daily.
The threat of further attacks on Saudi oil infrastructure, including the Jazan and Najran airports and the Rabigh refinery, could hinder Saudi Arabia from maintaining higher production levels in the coming weeks.
Written by urgent.news from Punch's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
