Saturday , February 4 2023

Saudi oil production is at its peak in the midst of US pressure



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According to an industrial source of contributions from French agencies, Saudi oil production was 11.1 million barrels per month per month.

Saudi Arabian oil production has reached all times in Azerbaijan on Saturday, although new sources say that the aim is to reduce the oil production of the Petroleum Exporting Countries (OPEC) and Riyadh, which has no contradictions. US President Donald Trump reports Reuters on Monday.

According to an industrial source quoted by a French agency, raw Saudi production would reach these months 11.1 and 11.3 million barrels per day (BPD); 0.5 million bpd increase for the last month and 1 million years ago.

The supply of raw crude oil is growing faster than demand and a global surplus is expected. This deadline is expected to decrease production in the next official meeting next 6 December.

The OPEC and Saudi Arabia want to confirm the production targets approved for the first time in November 2016. This means that Riyadh achieves a goal of 11 million barrels per month until his share level. 2016, more than 10 million barrels per day.

On Monday, oil prices rose more than 2%, following a drop in the last Friday, this year, after falling the lowest level.

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