Saudi oil output bounces back to 10.1mn bpd in June

DUBAI: Top oil exporter Saudi Arabia pumped 10.1 million barrels per day (bpd) of crude oil in June, raising output by 300,000 bpd from May, an industry source said on Wednesday.

After reducing output in May to 9.8 million bpd from April's 30-year highs of 10.1 million bpd, the world's largest oil exporter raised production again in June.

In addition to the 10.1 million bpd pumped from Saudi fields, the kingdom topped supplies up with about 200,000 bpd from storage last month, the source said.

Internal demand for Saudi crude rises sharply in the hot summer months from June to August. Export volumes were not available.