Markets

Saudi oil production at 9.7 million bpd in Oct

Published November 11, 2012 Updated November 11, 2012 09:15am

 

Asked how much Saudi oil production was in October, Naimi said: "Roughly 9.7 million".

 

According to OPEC survey, Saudi pumped near 10 million bpd in October, the highest rate in decades. The Kingdom and its Gulf Arab allies have kept output high all year to keep oil prices in check during the reduction in Iranian exports.

 

Copyright Reuters, 2012