OPEC (Organization of the Petroleum Exporting Countries) crude production fell by 900,000 barrels per day in August to an average of 19.91 million bpd, according to a Bloomberg survey, with Saudi Arabia accounting for most of the decline. Saudi output dropped by just over 1 million bpd to 6.98 million bpd, its lowest level since May, while tanker-tracked exports fell nearly one-third to 3.03 million bpd. Separately, Kpler reported that Saudi exports fell to 3.2 million bpd last month, the lowest level in at least 13 years. The differing figures reflect separate reported measures and periods. Shipping disruptions intensified after Iran closed the Strait of Hormuz following the start of the U.S. war with Iran, while Iran-backed Houthi forces in Yemen threatened or blockaded Red Sea routes. Saudi Arabia shifted shipments to pipelines and a longer Mediterranean route toward the Suez Canal, increasing costs and extending voyages to Asia. OPEC+ had scheduled a 188,000-bpd quota increase across seven members, but logistics and security risks prevented the planned supply growth from reaching markets. Iraq and Venezuela added roughly 340,000 bpd combined.