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Saudi Arabia will cut oil output
7/24/15
Twilight News / bulletin said International Oil Daily, quoting a Saudi oil industry source said Saudi Arabia will probably reduce its oil production to about 10.3 million barrels per day after the end of the summer.
According to a report in the specialized oil industry newsletter, the production cuts will be followed by a decline in domestic demand and not as a reaction to a possible increase in Iranian exports.
According to the bulletin, the production of oil from Saudi Arabia increased by about one million barrels per day this year to 10.6 million barrels per day.
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7/24/15
Twilight News / bulletin said International Oil Daily, quoting a Saudi oil industry source said Saudi Arabia will probably reduce its oil production to about 10.3 million barrels per day after the end of the summer.
According to a report in the specialized oil industry newsletter, the production cuts will be followed by a decline in domestic demand and not as a reaction to a possible increase in Iranian exports.
According to the bulletin, the production of oil from Saudi Arabia increased by about one million barrels per day this year to 10.6 million barrels per day.
[You must be registered and logged in to see this link.]
