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|12 June, 2018

Saudi oil output exceeds 10mln bpd in May

In April, Saudi crude oil output hit 9.868mln bpd, down from OPEC’s target estimated at 10.058mln bpd.

Image used for illustrative purpose only. A gas flame is seen in the desert near the Khurais oilfield, about 160 km (99 miles) from Riyadh.

Image used for illustrative purpose only. A gas flame is seen in the desert near the Khurais oilfield, about 160 km (99 miles) from Riyadh.

REUTERS/Ali Jarekji

Riyadh –   Saudi Arabia told the Organization of the Petroleum Exporting Countries (OPEC) that it had raised its oil production a little more than 10 million barrels per day (bpd) in the previous month, an informed source stated.

The kingdom has exceeded its stake of output cuts in an OPEC-led oil supply pact, Reuters reported on Monday.

In April, Saudi crude oil output hit 9.868 million bpd, down from OPEC’s target estimated at 10.058 million bpd.

Source: Mubasher

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