Middle East oil supply in July 2026: 23,962 kb/d, still far below February

World supply is still about 7.1 million barrels a day below February

The figures come from the U.S. Energy Information Administration (EIA). They measure petroleum and other liquids, the broadest measure of oil supply, which covers crude oil and other liquid fuels. All figures are in thousand barrels a day (kb/d).

• World: 101,673 kb/d in July, up from 99,271 in June. February was 108,734.
• The Organization of the Petroleum Exporting Countries (OPEC): 28,297 kb/d in July, against 35,417 in February.
• June world supply was revised down from 99,483.

Saudi Arabia and Iran remain well short of their pre-war output

• Saudi Arabia, total liquids: 8,980 kb/d in July, against 12,580 in February.
• Saudi Arabia, crude oil: 7,980 kb/d in July, against 10,760 in February.
• Iran: 3,630 kb/d in July, against 4,725 in February.

Output during the war months was weaker than first reported

• Middle East figures for March to June were all revised down, by 215–380 kb/d a month. March went from 20,109 to 19,729.
• Saudi figures for March to June were cut by 100–200 kb/d. Most of the cut was in natural gas liquids, where June went from 1,100 to 900.
• Iran's April figure was revised from 4,080 to 3,900, and May from 3,420 to 3,300.

US output rose in July while China's slipped

• United States liquids rose to 24,619 kb/d in July, and US crude oil rose to 13,948 kb/d. US figures for May and June were revised up by about 55 kb/d.
• China slipped to 5,481 kb/d.
• Annual totals for 2021–2025 changed slightly. The largest change was to Saudi natural gas liquids, which were raised by 18–48 kb/d for 2021–2024.