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Saudi is pumping over 10 mbpd

Saudi is pumping over 10 mbpd

Saudi tells Opec it pumped more oil in May, still below quota

2018/06/12

LONDON

Top oil exporter Saudi Arabia has told Opec that it raised oil output to a little more than 10 million barrels per day (mbpd) in May, a source familiar with the matter said, but still within its agreed target.
 
Saudi Arabia has been over-delivering on its share of production cuts in an Opec-led oil supply pact. The kingdom reported production of 9.868 mbpd in April, compared with its Opec output target of 10.058 mbpd.
 
Opec will report May production figures in a monthly report. -- Reuters
 
 
 






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