SAUDI ARABIA

Saudi Production Tops 4.4mn b/d in December 

MEES learns from a reliable Saudi source that Saudi Arabia's crude oil production averaged slightly above its OPEC quota of 4.35mn b/d during the month of December. According to the source, production averaged a little above 4 35mn b/d but less than 100,000 b/d above that figure. This would presumably put the December output somewhere between 4.40mn b/d and 4.45mn b/d.