Saudi Arabia plans oil output hike in October, November: Falih | Reuters

Saudi Arabia plans oil output hike in October, November: Falih | Reuters:

Saudi Arabia plans to raise oil production in November from an October output level of 10.7 million barrels per day (bpd) to meet rising crude demand, the energy minister of the world’s top exporter said on Wednesday.

Khalid al-Falih told a conference in Moscow attended by Russian President Vladimir Putin that the kingdom was in weekly communication with Russia to stabilize global oil markets, which touched a four-year high above $85 a barrel this week.