OPEC reports Saudi oil production hike amid Iran conflict
pre-market1 source ↓written by the desknot a recommendation
- in February
- 10.882 million bpd
- in January
- 10.10 million bpd
OPEC confirmed that Saudi Arabia increased oil production to 10.882 million bpd in February, up from 10.10 million bpd in January. This surge is part of a contingency plan amid escalating tensions following U.S. and Israeli strikes on Iran, which have disrupted oil exports and driven prices higher. Traders should monitor potential supply impacts in the Middle East. ⚡
Not investment advice. For informational purposes only.