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FINANCIAL NEWS
Saudi Arabia increases oil output in February
12 Mar 2014
(MENAFN) Saudi Arabia has increased crude oil production to 9.849 million barrels per day in February compared to 9.767 million barrels per day in January, according to Arab News.
Saudi Arabia supplied 9.899 million barrels per day in February to the market compared to 9.916 million barrels per day in January.
An industry source familiar with the matter said: “Production was up but it doesn’t indicate anything, the market is stable, balanced.”
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