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FINANCIAL NEWS
Saudi oil output up in June
10 Jul 2014
(MENAFN) Saudi Arabia has boosted its production of crude oil in June up to 9.780 million barrels per day compared to 9.705 million barrels per day in May, according to Arab News.
Supply to the market may differ from production depending on the movement of barrels in and out of storage.
Demand for power generation oil in Saudi Arabia usually grows in June than in May to cover the surge in electricity demand in the hot summer months.
OPEC’s oil output has dropped in June from May’s three-month high as fighting in Iraq closed its largest oil refinery and technical problems slowed its Southern exports.
More News
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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