SAUDI ARABIA

Saudi Arabia Denies Reports of Overproduction 

Saudi Arabia has issued a strenuous denial of press reports regarding its production levels in the last week of August and the first week of September. On 11 September the Saudi Press Agency (SPA) quoted a source at the Ministry of Petroleum and Minerals as saying that "the Kingdom's crude oil output in the first week of September was less than 4,353,000 b/d," and that figures submitted to the committee set up...