Saudi oil output rebounds to prewar levels despite Red Sea attacks

Saudi Arabia's oil production has recovered to near pre-conflict levels, exceeding prewar averages, as the kingdom sustains export flows despite ongoing attacks on shipping and energy infrastructure. The rebound signals resilient supply capacity amid regional tensions, though the durability of output hinges on continued avoidance of direct hits to key facilities. This development matters as it may temper oil price risk premia despite elevated geopolitical risk.

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