Saudi Arabia: Producing More Crude, Selling Less?.
Media reports are quoting an anonymous source as saying Saudi Arabia, the world’s leading oil exporter, supplied foreign and domestic customers with less crude during September even though its oil production was up slightly.
The source, identified only as being familiar with the Saudi oil industry, said it extracted, on average, 9.7 million barrels of crude each day of the month, a rise from 9.597 million barrels per day in August. At the same time, the source said, Saudi Arabia supplied customers with 9.36 million barrels per day in September, down from 9.688 million barrels per day the month before.
Sources – perhaps a single source – supplied the same data to several prominent news outlets, including Reuters, Bloomberg News and The Wall Street Journal.
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