saudi arabia tells opec it raised output to 10 million bpd
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Saudi Arabia tells Opec it raised output to 10 million bpd

Arab Today, arab today

Arab Today, arab today Saudi Arabia tells Opec it raised output to 10 million bpd

an Aramco oil installation in the Saudi Arabian
Jeddah - Arab Today

The kingdom told Opec that production was about 263,000 bpd higher than the previous month, when it had cut to well below what it had pledged in November to support a deal to curb the world oil glut.
In its monthly report, the Opec secretariat noted that there was a discrepancy between Saudi Arabia’s self-reported output and that by other sources, which is likely to fuel the debate about the signals the kingdom is trying to send to the market.
Opec said that "secondary sources", which is the official reference for its members in terms of the production targets they agreed last November, reported that Saudi Arabia pumped at 9.7 million bpd in February, or about 68,000 bpd below January.
The secondary sources is an average of guesses by consultants who track oil tankers on the water, news agencies which survey analysts and others.
Saudi Arabia and secondary sources were in close agreement about January’s output, which they put at 9.7 million bpd and 9.8 million bpd, respectively.
Saudi Arabia will be aware of the discrepancy in February’s number, which is thus likely to fuel the debate about how long the kingdom will bear more than its agreed load in terms of output restraint to support the world oil market.
Opec said that the producer group’s overall crude oil production decreased by 140,000 bpd last month, according to secondary sources, to average just below 32 million bpd.
It estimated that world oil supply decreased by 210,000 bpd month-on-month, to average nearly 96 million bpd, "yet surprisingly remained unchanged, year-on-year".


Source: The National

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

saudi arabia tells opec it raised output to 10 million bpd saudi arabia tells opec it raised output to 10 million bpd

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

saudi arabia tells opec it raised output to 10 million bpd saudi arabia tells opec it raised output to 10 million bpd

 



GMT 05:50 2017 Tuesday ,15 August

20 killed in Takhar funeral attack

GMT 04:51 2017 Thursday ,13 April

Huda Kattan among top 10 beauty influencers

GMT 09:44 2018 Saturday ,06 January

Aoun to deliver speech in Rome this afternoon

GMT 09:14 2017 Saturday ,30 December

London stocks end year on record high

GMT 11:47 2017 Monday ,11 December

France's rightwing shifts after Macron victory

GMT 04:49 2013 Monday ,27 May

Feng Shui living room concepts

GMT 19:45 2017 Wednesday ,18 January

The UAE Releases Global State of the Future Report

GMT 23:40 2017 Wednesday ,18 October

OIC condemns terrorist attack in Jeddah

GMT 16:41 2017 Saturday ,18 February

FBMA International Show Jumping Cup 2017 competition

GMT 17:43 2017 Tuesday ,14 February

Spanish activists taken to court over BDS activism

GMT 21:37 2017 Sunday ,02 July

Religious tourism lottery to be held on Monday

GMT 15:27 2017 Saturday ,24 June

US imposes ban on fresh Brazil beef imports

GMT 06:07 2017 Tuesday ,24 October

Air Force set to create new ISR unit with Global Hawk

GMT 03:49 2017 Thursday ,22 June

Dalai Lama says will visit Trump

GMT 03:52 2017 Sunday ,15 January

Drydocks World and GDRFA sign MoU partnership
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday