Thursday 11 June 2015

Saudi Arabian oil output hits record - FT.com

Saudi Arabian oil output hits record - FT.com:



"Saudi Arabia increased its oil production to a record level in May in an attempt to win back more customers and meet demand for its crude.



Output in May reached 10.33m barrels a day, according to numbers submitted by Riyadh to Opec, the oil cartel, confirming the widely held view that Saudi Arabia’s production is heading higher.



The kingdom’s oil output had been 10.31m b/d in April, Riyadh told Opec."



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