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Naimi: Please Don’t Let Me Be Misunderstood
...owth of 820,000 b/d – down from 1.61mn b/d growth in 2014. This would represent the first fall in US output growth year on year since 2011. Saudi Arabia has held its oil output steady at around 9.6-9.7mn b/d and may have increased production to 9.9mn b/d recently, a GCC source says. It was not cl...
Volume: 58Issue: 13Published at Fri, 27 Mar 2015 -
Saudi King Springs Surprise On Eve Of Obama Visit
...fluence and is able to sway decisions on output ceilings. However, it has acted unilaterally on several occasions to balance markets, in 2011 to make up for the loss of 1.5mn b/d of Libyan crude oil and then again in 2012, to replace the 1mn b/d decline in Iranian export volumes due to sanctions. Sa...
Volume: 57Issue: 13Published at Fri, 28 Mar 2014