Saudia Arabia oil production [Energy] - MarketTicker Forums


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User Info	Saudia Arabia oil production in forum [Energy]
Arpwatch Posts: 3049 Incept: 2009-11-06	Why would SA be pumping like mad into falling oil prices? There's no real detail in the article but I don't know where to get real numbers. Quote: May's oil production was lower by 300,000 bpd from April when the Saudi kingdom pumped 10.1 million bpd, its highest for more than 30 years, as it bids to meet growing demand and curb oil prices. http://finance.yahoo.com/news/saudi-cuts.... Why are they being "nice" and pumping more to curb oil prices? 2012-06-09 12:31:04 Permalink