Saudi Arabia supplied 9.420 million barrels per day in November, rising 40,000 bpd from October, Gulf Daily News reported citing an industry source said.
The Kingdom supplied 9.36m bpd in September.
Oil prices dropped $2 a barrel to new five-year lows after the world's energy watchdog forecast even lower prices on weaker demand and higher supplies next year.
Benchmark Brent oil tumbled to below $62 a barrel, and US crude slumped to below $58 to extend Thursday's landmark fall below $60. Saudi Arabia pumped 9.610 million barrels of oil per day in November, some 80,000 bpd less than its production in October.
Oil prices have plunged 45% since June with the sell-off gaining pace after OPEC decided last month to keep its output target unchanged.
The Kingdom supplied 9.36m bpd in September.
Oil prices dropped $2 a barrel to new five-year lows after the world's energy watchdog forecast even lower prices on weaker demand and higher supplies next year.
Benchmark Brent oil tumbled to below $62 a barrel, and US crude slumped to below $58 to extend Thursday's landmark fall below $60. Saudi Arabia pumped 9.610 million barrels of oil per day in November, some 80,000 bpd less than its production in October.
Oil prices have plunged 45% since June with the sell-off gaining pace after OPEC decided last month to keep its output target unchanged.
Source:
Mubasher
