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Wednesday, 15 June 2011

Exclusive: Saudi to pump nearly 10 million bpd in June: sources | Reuters

Saudi Arabia's crude output is expected to jump to nearly 10 million barrels per day (bpd) in June but the world's top oil exporter could pump slightly less in July, industry sources said.

The kingdom pledged last week it would increase production regardless of official OPEC policy after its proposal to lift OPEC output was blocked by seven producers including Iran, Venezuela and Algeria.

"Production in June will be around 9.8 (million bpd) if not a bit more," a Saudi industry source told Reuters.