Saudis Increase Oil Output
On June 13, 2008, The New York Times reported that Saudi Arabia will increase its output of oil in July of 2008 by nearly a half-million barrels per day. In June, Saudi Arabia pumped 9.45 million barrels a day. If it produces 10 million barrels a day in July, it would be the kingdom's highest output ever.1
Fast Facts
- Saudi Arabia: World's largest exporter of oil
- June 2008: Pumped 9.45 million barrels per day1
- June production: 300,000 barrel increase from May
- Saudi officials have not yet confirmed production increase
- June 22, 2008: Summit in Jeddah
Summit in Jeddah
Saudi Arabia will host a summit in Jeddah on June 22, 2008 for oil consumers and producers to discuss the soaring gas prices.
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