- Saudi energy minister: We are sticking to the plan to achieve 12 million bpd of oil production capacity, crippled by last-month’s drone attacks, by the end of November
Market news
14 October 2019
Saudi energy minister: We are sticking to the plan to achieve 12 million bpd of oil production capacity, crippled by last-month’s drone attacks, by the end of November
- Saudi Arabia's oil output in October was at 9.86 million barrels per day, same in November
- We will maintain exports at 6.9-7 mln bpd to the end of the year
- Current export levels are 6.9 mln bpd
- Oil market is not stable yet; we see the volatility on the market
- We hope that Nigeria, Gabon, South Sudan and Iraq will be fully compliant with OPEC+ deal in October
- We have time to review the details of OPEC+ deal if needed before the December meeting
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