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Saudi Arabia tells OPEC it hiked oil output above 10 mil b/d in July

Increase font size  Decrease font size Date:2014-08-12   Views:389
Saudi Arabia has told OPEC it boosted crude production to 10.005 million b/d in July, up 225,000 b/d from July and the highest monthly level since September 2013, when Riyadh told the oil producer group it pumped an average 10.123 million b/d.

The July figure also marks the first time Saudi production has been above 10 million b/d since September last year.

OPEC uses secondary sources to monitor crude production from its 12 member states but also publishes a table of figures provided directly by these countries. On Friday, OPEC published a secondary source estimate of 9.813 million b/d for Saudi Arabia but did not publish a directly submitted figure. The 10.005 million b/d has been added subsequently.

Saudi Arabia increases the volume of crude burned directly in power stations during the summer months.
 
 
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