Saudi Arabia's Oil Production Drops Over 40% To Lowest Level In More Than Three Decades: Report

Source: International Business Times

Saudi crown prince Mohammed Bin Salman AFP Saudi Arabia informed OPEC that its production of oil dropped more than 40% to its lowest level since 1990, according to a new report. Bloomberg detailed that the cartel's monthly report showed that Saudi production fell by more than 650,000 barrels per day, clocking in at 6. 316 million barrels per day.