Monday 19 December 2011

Saudi Arabia’s Oil Output Fell in October as Demand Fluctuated - Bloomberg

Saudi Arabia, OPEC’s largest oil producer, decreased output by less than one percent in October from a month earlier as it adjusted production to meet fluctuations in customers’ demand, government data showed.
The kingdom pumped 9.36 million barrels a day, down 0.85 percent from 9.44 million barrels in September, according to the data the government submitted to the Joint Organization Data Initiative.
The country exported 7.08 million barrels of crude oil a day in the month, up from 6.81 million barrels a day in September, statistics posted today on the initiative’s website. The Saudi crude data includes condensates and excludes natural- gas liquids, according to the website.

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