Saudis Deny Reports of Overproduction
Saudi Arabia has denied reports that it exceeded its 4.524mn b/d productionquota under the November OPEC agreement last month. A statement attributed toan "official source" at the Ministry of Petroleum and MineralResources carried by the Saudi Press Agency (SPA) on 7 February described areport in the 6 February issue of Petroleum Intelligence Weekly (PIW) to theeffect that Saudi output averaged 4.6mn b/d in...
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