Saudi Crude Supply Falls to a Three-Decade Low

September 11, 2026

News summary: Reuters reported the IEA estimated Saudi crude supply fell by 2.3 million bpd in August to 6.0 million bpd, the lowest level in more than three decades, while crude loadings declined to 3.5 million bpd.

Market context: Lower supply and loadings tightened replacement-cargo availability and made terminal, nomination and delivery evidence more important than headline production figures.