Today, Thursday, Al Arabiya channel reported that Saudi Arabia’s oil production will exceed ten million barrels per day next December, for the first time since the Covid-19 pandemic.
And sources for “Reuters” had said that “OPEC +” agreed today, Thursday, to… Install increased production By 400,000 barrels per day in December.
She added that the alliance of the Organization of Petroleum Exporting Countries “OPEC” and independent producers, will hold its next meeting on the second of next December.
And “OPEC +” agreed in July to increase production by 400,000 barrels per day, starting in August, until the end of its current production cuts of 5.8 million barrels per day.
Data from the Joint Data Initiative (JODI), in October, showed that Saudi crude oil exports rose in August for the fourth consecutive month to the highest level since January 2021.
The kingdom’s crude exports rose by 0.123 million barrels per day on a monthly basis to 6.450 million barrels per day in August, from 6.327 million barrels per day in July.
Total exports, including petroleum products, amounted to 7.90 million barrels per day.
Crude production in the world’s largest oil exporter rose by 88,000 barrels per day to 9.562 million barrels per day on a monthly basis, which is the highest level since April 2020.
And the productivity of domestic refineries in Saudi Arabia increased to 2.521 million barrels per day in August, to reach the highest level since the same month last year.
But direct crude consumption fell by 37,000 barrels per day to 654,000 barrels per day, the data showed.
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