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Saudi Arabia told OPEC its August crude output plunged by 1.9 mln bpd to 6.238 mln bpd, the lowest reported since 1990, after renewed US–Iran hostilities squeezed export routes, OPEC's monthly report showed. The decline is even below April’s wartime-

2026-09-10

Saudi Arabia told OPEC its August crude output plunged by 1.9 mln bpd to 6.238 mln bpd, the lowest reported since 1990, after renewed US–Iran hostilities squeezed export routes, OPEC's monthly report showed. The decline is even below April’s wartime-era low, previously the lowest since the start of the Gulf War. Riyadh’s reported drop aligns with preliminary tanker-tracking data showing Saudi August crude exports fell roughly one-third to about 3.0 mln bpd. Brent futures topped $100/bbl this week after renewed attacks on Gulf tankers, with rising fuel costs adding to inflationary pressure.

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2026-09-10

European Stoxx 600 extends losses to 0.5%.

European Stoxx 600 extends losses to 0.5%.
2026-09-10

Qatar is negotiating long-term LNG purchases from U.S. suppliers as the war with Iran has sharply reduced its ability to meet customer demand, people familiar with the matter said. State-owned QatarEnergy is targeting volumes from existing and under-

Qatar is negotiating long-term LNG purchases from U.S. suppliers as the war with Iran has sharply reduced its ability to meet customer demand, people familiar with the matter said. State-owned QatarEnergy is targeting volumes from existing and under-construction U.S. export projects. The talks are the first indication since the conflict began that Qatar is seeking supply outside the Middle East. Qatar had supplied roughly 20% of global LNG, but shipments have largely stalled as the risks of transiting the Strait of Hormuz have surged.
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