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Saudi Arabia's oil output steady at 10.144 mbpd

DUBAI, January 11, 2016

Saudi Arabia kept its crude oil production steady in December, an industry source said, maintaining high output as part of a strategy to preserve market share despite a slump in oil prices.
 
The Opec heavyweight pumped 10.144 million barrels per day (mbpd) of oil last month, while crude supplied to the market in December was 10.162 mbpd, the source told Reuters on Sunday.
 
Supply to the market, both domestically and for export, may differ from production depending on the movement of oil in and out of storage.
 
Saudi Arabia's crude production in November was 10.186 mbpd.
 
Gulf Opec member Kuwait's oil production in December was 2.930 mbpd, another industry source told Reuters. --Reuters



Tags: Saudi Arabia | price | December |

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