Middle East oil output fell 8.3 mbd in June as global stocks remain depleted

Oil production in Middle Eastern countries declined by 8.3 million barrels per day (mbd) in June, according to data from the US Department of Energy.

The drop follows a peak production cut of 11.2 mbd recorded in May, highlighting the persistent supply constraints in the region despite broader global output trends.

The US Department of Energy noted that while oil production and exports from the Middle East are projected to rise in the coming months, it will take significant time to replenish the severely depleted global oil stocks.

This lag in inventory recovery suggests that near-term supply tightness may persist even as regional output begins to normalize.

This development comes as Gulf oil exports climbed above 10 million barrels per day in June, driven largely by a surge in United Arab Emirates shipments that reached record levels.

The volume increase marks a significant acceleration in regional throughput, yet the net effect on global balances remains muted by the earlier production cuts.