Saudi Arabian crude output is set to average over 10mn b/d through to the end of next year, according to influential local investment bank Jadwa.
Saudi crude production has already chalked up a record six straight months of output over 10mn b/d: the result of a ‘market share over price’ policy championed by the kingdom within Opec (see p8) and a ramp up in the kingdom’s refining throughputs that mean higher production is needed in order to maintain crude export volumes. (CONTINUED - 756 WORDS)
