Saudi Arabia Crude Output Rose to 31-Year High, Naimi Says
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Saudi Arabia, the world’s biggest crude exporter, boosted production last month to the most in more than three decades to meet customer demand.
“We produced 10 million and 40 barrels in November because that’s what the customers wanted,” Ali al-Naimi said in an interview in Durban, South Africa, where he is attending a climate conference. That’s the highest since at least 1980, according to data from the U.S. Energy Department. The desert nation pumped 9.4 million barrels a day in October, al-Naimi said on Nov. 20.