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FINANCIAL NEWS
Saudi crude production up, exports steady
22 Mar 2011
(MENAFN) A Saudi Arabian official reported that country’s oil production for Marcha neared nine million barrels per day (bpd), however, the country did not increase its exports and is reserving the extra amounts, reported Gulf Daily News.
The Kingdom had also said that it could compensate the shortage in oil supply that was caused by the disruption of crude exports from Libya. Saudi Arabia suggested more amounts light crude exports to Europe.
Even though the world’s number-one oil exporter has not increased its exports yet, expectations are for the demand in Europe to hike once reserves fall short, which would market the additional supply of the Kingdom.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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