Saudi Arabia’s Oil Output to Rise on Demand Growth, BSF Says
This article is for subscribers only.
Saudi Arabia, the world’s largest oil exporter, produced more crude in November and December to meet demand growth in the fourth quarter, Banque Saudi Fransi analysts said in a report.
Oil production in the first 10 months of 2010 fell 0.6 percent compared with the year-earlier period, the Riyadh-based bank said today. Production levels appear to have jumped in the final two months of the year, according to the report on the country’s budget dated yesterday.