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Saudi Arabia reports 1M-barrel output rebound in July as Gulf ceasefire holds
['Editorial Team']
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Saudi Arabia told OPEC it pumped just over 1 million additional barrels per day in July, a direct result of the temporary ceasefire in the 2026 Iran conflict giving Gulf producers room to breathe, and to produce.
OPEC’s own data shows total cartel output climbed by 1.17 million barrels per day month-on-month in July, pushing collective production to 19.85 million barrels per day.
That is a meaningful reversal from the war’s peak disruptions, when Gulf output was shut down by an estimated 6 to 10 million barrels per day.
AdvertisementSaudi Aramco leaned heavily on its East-West pipeline, which runs across the Arabian Peninsula to the Red Sea and carries a capacity of around 7 million barrels per day.
That workaround kept some Saudi crude moving to market even while the Gulf route was compromised.