Saudi crude supply edge up in November

13 Dec 2014

(MENAFN) Crude oil supplies from Saudi Arabia inched up in November from a month earlier, signaling no change in the kingdom’s supply, despite a global oil surplus and a steep fall in prices, Gulf Daily News reported.

Saudi supplied 9.420 million barrels per day in November, up 40,000 bpd from October, an industry source familiar with the matter said. It supplied 9.36m bpd in September.

Oil fell USD2 a barrel to new five-year lows yesterday after the world’s energy watchdog forecast even lower prices on weaker demand and higher supplies next year.

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