Oil & Gas
Saudi Daily Oil Output Said to Surpass Record 11 Million Barrels
Saudi Arabia is pumping as much as 11.2 million barrels of crude a day, the most since the kingdom extracted its first oil eight decades ago, according to a person familiar with the matter.
The kingdom’s production was running at about 10.8 million to 10.9 million barrels earlier this month as it responded to stronger-than-usual demand from clients preparing for a disruption in Iranian supplies. Saudi Arabia was also using crude from domestic and overseas stockpiles to supplement supply, industry executives said at the time.
READ MORE:
- Surging Saudi Exporter Seeking to Restore Deal With Aramco
- SoftBank Said to Plan $1.2 Billion Solar Plant in Saudi Arabia
It’s unclear if Saudi Arabia plans to keep increasing production, or if it is still supplementing supply from inventories. A Saudi Arabian oil official declined to comment.
OPEC and its allies meet Dec. 6 in Vienna to discuss the group’s 2019 production strategy. Saudi Arabia has already said it supports a drop in output and has pledged to reduce shipments by 500,000 barrels a day in December, compared with November.
-
Economy3 weeks agoNumber of Workers in GCC Countries Increase From 2021 to 2025
-
OER Magazines1 month agoDossier Oman: Banking, Finance & Insurance Special Edition
-
Banking & Finance2 months agoSohar International Contributes OMR100,000 to Support Those Affected by Al Masarrat Weather Conditions
-
OER Magazines2 months agoOER, March 26
-
Oman2 weeks agoREVIEW: WHOOP and the Rise of Performance Luxury
-
Magazines2 weeks agoOER Magazine April 2026 Issue
-
Economy1 month agoOPINION: War, Climate, and the Costs We Choose Not to See
-
Alamaliktistaad Magazines2 months agoAl-Iktisaad, March 26

You must be logged in to post a comment Login