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According to an industry source quoted by the French agency, crude oil production in Saudi Arabia reached this month between 11.1 and 11.3 million barrels per day.
Saudi Arabia's oil production hit a record level in November, although on Saturday the news spread that the Organization of the Petroleum Exporting Countries (OPEC) and Riyadh are planning to cut production of oil. oil so that the measure is not in contradiction The American president Donald Trump made a report on Monday on Reuters.
According to an industry source quoted by the French agency, Saudi crude production would have reached this month between 11.1 and 11.3 million barrels per day (Bpd); figures that translate into an increase of 0.5 million bpd over last month and $ 1 million since the beginning of the year.
The current supply of crude oil is growing faster than demand, and in an attempt to contain a global surplus, OPEC should agree to cut production at its next official meeting on December 6th.
OPEC and Saudi Arabia plan to reaffirm the production targets agreed for the first time in November 2016. This means that Riyadh will begin to reduce production from its target of 11 million barrels a day to its level. quota. 2016, from just over 10 million barrels a day.
On Monday, oil prices rose more than 2%, after falling Friday to their lowest level since the beginning of the year.
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