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Saudi pumped 9.81m bpd of oil in June

Riyadh, August 17, 2011

Leading oil exporter Saudi Arabia produced 9.813 million barrels a day (bpd) of crude in June, up about 918,000 bpd from May, according to the latest official data published by the Joint Data Initiative (JODI).

Saudi crude production in June is the highest level since JODI records began in 2002. After Opec talks over production levels collapsed on June 8, Saudi Arabia's Oil Minister Ali Al-Naimi said the kingdom would produce all the oil customers wanted.

Saudi exported 7.378 million barrels in June, according to JODI data, up by 539,000 bpd from May's exports level and compared to 5.577 million bpd in June 2010.

The more modest increase in Saudi exports than the jump in production likely reflects increased internal demand for crude for power generation and feedstock demand after the restart of the Rabigh refinery. - Reuters




Tags: Saudi | Oil | Crude |

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