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Saudi Arabia increases output to more than 9 mbpd - ASHARQ AL-AWSAT English Archive
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DUBAI, (Reuters) – Saudi Arabia has quietly increased its production to more than 9 million barrels per day (bpd), an increase of more than 700,000 barrels a day, a senior industry source familiar with Saudi production told Reuters on Friday.

“We have started producing over 9 million barrels per day. We have a lot of production capacity,” the source said.

Reuters estimated Saudi output at 8.3 million bpd in January. OPEC’s leading producer has come under pressure to lift output to stem a spike in oil prices now at $112 a barrel.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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