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The Crude Oil Production Of Saudi Arabia Continues To Maintain Its Position
Apr 17, 2018

Dow Jones reported on April 10 that Saudi Arabia, the world’s largest oil exporter, stated that the country will keep its daily crude oil supply below 7 million barrels in May, which is in line with Saudi’s commitment to the OPEC-led production cuts agreement.

The Saudi Energy Ministry stated in an e-mailed statement that the export quotas of oil for international customers are still low, despite the fact that demand has rebounded from the previous month due to seasonal factors.

A spokesman of the Saudi Ministry of Energy said in a statement: "despite the increasing domestic and foreign seasonal demand, Saudi Arabia continues to lead by example, the output will be controlled below the limit under the cooperation agreement of OPEC, .”

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