Saudi Arabia plans to pump up to 11mn bpd in July, all-time record high
Saudi Arabia plans to pump up to 11mn barrels of oil in July, the highest in its history, up from about 10.8mn bpd in June, an industry source familiar with Saudi oil production plans told Reuters on Tuesday. OPEC agreed with Russia and other oil-producing allies on Saturday to raise output from July by about 1mn bpd, with Saudi Arabia pledging a “measurable” supply boost but giving no specific numbers.
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