Saudi Arabia produced 9.780 million barrels per day (bpd) of crude oil in June, up from 9.705 million bpd in May, an industry source familiar with the matter said on Wednesday.
The world's largest oil exporter and Opec heavywe
Iran put Opec on notice of its plans to raise output swiftly with the help of foreign investors immediately after any lifting of sanctions imposed over its nuclear programme.
Oil Minister Bijan Zanganeh said Iran could increase oi
Opec needs to pump more oil this year to reach its target of 30 million barrels per day and meet rising demand as China builds its reserves and stocks in industrialised countries remain low, the International Energy Agency said on Thursday.
Libya may have averted a state collapse by striking a deal with eastern rebels to reopen occupied oil ports, but technical delays and simmering federalist dissent threaten to disrupt production once again.
On Sunday, Libya's f
Saudi Arabia produced 9.819 million barrels per day (bpd) of crude oil in December, up from 9.745 million bpd in November, an industry source familiar with the matter said on Thursday.
The world's largest oil exporter also rai
Opec has trimmed its crude oil output towards next year's global requirement, the exporter group said on Tuesday, further whittling away at a supply surplus that could weigh on prices.
The monthly report from the Organization
Saudi Arabia produced 9.745 million barrels per day of crude oil in November, little changed from the previous month, when it pumped 9.75 million bpd, an industry source familiar with the matter said on Sunday.
The kingdom supplie
Saudi Arabia's economy expanded at an annual rate of 3.1 per cent in the third quarter, only half as fast as it grew a year ago, according to data released on Wednesday.
The annual inflation-adjusted growth rate slowed to 2.1 per ce
Opec's oil output has fallen below 30 million barrels per day for the first time in two years in October, a Reuters survey found, as near-record Saudi Arabian output fails to offset disruption in Libya and lower supply from Iran and Nigeria.
Libya's government is working to end protests at oil facilities that have cut exports, and its oil production has risen to nearly half its normal rate, its top oil official said on Monday.
Disruptions to th