Saudi crude oil production has plummeted to 6.24 million barrels per day, marking its lowest level since 1990 according to Mario Nawfal, founder & CEO at IBC Group.
Nawfal's report also notes that diesel prices have exceeded $6 a gallon for the first time.
Economist Martin Armstrong believes this situation may persist for years, with his models indicating it could extend into 2028.
More on Commodities
Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.
Market sentiment intelligence for apps, funds & agents
Location
729 55 Ave SW
Calgary AB T2V 0G4
Canada
Navigate
© 2026 Guavy Inc
