Saudi Oil Output in January Was Near 31-Year High, Data Show
This article is for subscribers only.
Saudi Arabia, the largest oil producer in OPEC, pumped 9.87 million barrels a day in January, its second-highest monthly output since at least 1980, official data showed.
The country produced 0.6 percent more crude in January than in the previous month, according to statistics the government submitted to the Joint Organization Data Initiative. The world’s biggest exporter of crude also boosted shipments to 7.51 million barrels a day in January from 7.36 million barrels in December, data posted today on the website of the international initiative known as JODI showed.