Saudi Arabia Reports Record Oil Output on Summer Demand

  • Crude production was 10.67 million barrels a day in July
  • Previous record was 10.56 million barrels a day in June 2015

Saudi Arabian Oil Output Hits Record High

Saudi Arabia told OPEC that it pumped a record 10.67 million barrels of oil a day in July to meet a summer surge in domestic demand, an increase that will do nothing to endear the group’s leading exporter to other members seeking output limits to shore up prices.

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