Saudi Oil Output to Stay Near 10 Million Barrels a Day
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Saudi Arabia, OPEC’s biggest producer, will probably keep crude production in September at similar levels to this month and July, a person with knowledge of the kingdom’s oil policy said.
The world’s biggest crude exporter produced 10.03 million barrels a day in July, and taking into account inventory movements it supplied 9.9 million barrels a day to the market that month, the person said, asking not to be identified because the matter is confidential. Output won’t vary much unless market conditions change, the person said.