Saudi Arabia Pumping 10 Million Barrels a Day, Al-Naimi Says - Bloomberg

Saudi Arabia pumped about 10 million barrels of oil a day last month, and is prepared to supply a similar amount this month if needed, the country’s oil minister said.

“We produced 10 million and 40 barrels in November because that’s what the customers wanted,” Ali al-Naimi said in an interview in Durban, South Africa, where he is attending a climate conference. “If customers want the same thing in December we will provide that.”

Saudi Arabia is the biggest and most influential member of the Organization of Petroleum Exporting Countries, which meets on Dec. 14 in Vienna to set output targets for early 2012. Asked whether he thinks supply to the market needs to be altered, al- Naimi replied: “Wait until we meet.”

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