Saudi Arabia oil output hits 36-year low!
The drop signals either a voluntary OPEC+ supply cut pushed further than markets anticipated, or a structural demand signal that could ripple through energy prices and risk assets globally.
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The drop signals either a voluntary OPEC+ supply cut pushed further than markets anticipated, or a structural demand signal that could ripple through energy prices and risk assets globally.
The conflict connects energy costs to inflation expectations, rate-cut bets and operating margins for power-intensive crypto miners.
Supply running above the pre-war baseline means the supply shock isn't just healed, it's overshot, taking the war-risk premium off crude prices.
The cumulative volume is the real story, not any single monthly increment: 940K bpd of added supply since the war began is now filtering into a market also bracing for slower demand.