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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



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