7 NOVEMBER 1988
Saudi Production Reportedly Averaged 6.4mn B/D in October
According to industry sources, Saudi Arabian crude oil production (that is tosay deliveries for export sales and local consumption) averaged around 6.4mn b/din October. This compares with 4.97mn b/d in September, 4.67mn b/d in August,4.68mn b/d in July and 4.49mn b/d in June. The current level of Saudi crudeinventories overseas is estimated at some 55mn barrels, a substantial portion ofwhich is...