OPEC Monthly Report: Crude oil production in April fell to the lowest level since 1990, with Saudi Arabia's daily output at only 6.32 million barrels.

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Saudi Arabia's crude oil production in April plummeted again, reaching its lowest level since the Gulf War in 1990. The ongoing Iran war has continued to block export routes in the Persian Gulf, pushing global crude oil supply toward a new crisis.

According to OPEC’s April monthly report obtained by Bloomberg, Saudi Arabia reported to the organization that its crude oil output for April fell to 6.316 million barrels per day, a decrease of 651,000 barrels from the previous month. Since February this year, Saudi output has dropped by a cumulative 42%, setting a historical low since the outbreak of the Gulf War in 1990, when Iraq invaded Kuwait.

The Iran war has blocked shipping lanes in the Persian Gulf, causing record declines in output from major oil producers like Saudi Arabia, the UAE, and Iraq. International fuel prices have soared, and global recession risks have consequently increased.

At the same time, OPEC’s monthly report lowered its forecast for global oil demand growth in 2026, expecting an annual increase of only 1.2 million barrels per day. Meanwhile, the International Energy Agency predicts global oil demand will shrink this year, with a daily decline of 420,000 barrels.

Saudi Output Sinks to 36-Year Low, OPEC Overall Production Contracts Sharply

OPEC's monthly report shows Saudi Arabia’s crude oil output in April fell to 6.316 million barrels per day, the lowest since 1990. At the same time, Saudi Arabia reported to OPEC that its "actual market supply," excluding stockpiles injected, was slightly higher than production at an average of 6.879 million barrels per day.

In addition to official figures submitted by member countries to the Vienna Secretariat, OPEC's monthly report also includes "secondary source" estimates calculated by external consulting agencies and media. According to these estimates, Saudi production in April was slightly higher than the official figure, at about 6.768 million barrels per day.

Secondary source estimates show that OPEC member states' total output in April continued to fall, with average daily production dropping sharply by 1.727 million barrels to 18.98 million barrels per day, with Saudi Arabia accounting for about half the decline. The persistent supply disruptions since February have put considerable pressure on total OPEC output.

With export routes in the Persian Gulf blocked, major oil-producing nations such as Saudi Arabia, the UAE, and Iraq have borne the brunt, and their export capacity has been severely constrained. The scale of this impact has reached a historic high.

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