SAUDI ARABIA

Saudi Production Rises to 3mn b/d in Late September 

Saudi crude oil production by Aramco has risen to an average of around 3mn b/d in the second half of September, MEES understands. This compares with about 2.3-2.4mn b/d at the beginning of September and 2.1-2.2mn b/d in August. This increase in Saudi output during September partially reflects a best-endeavor undertaking by the three Aramco companies which recently concluded netback-priced supply agreements with Saudi...