Saudi Oil Output Now at 9-9.5 Million b/d; Technology Will Sustain Industry

摘要

Saudi Arabia is currently producing 9-9.5 million b/d of oil, and as a matter of policy, the kingdom maintains surplus capacity between 1.5-2.0 million b/d, the head of Saudi Aramco said last week. The Saudi national oil company meets all the demand from its customers, and according to President and CEO Abdallah Jum'ah, "also keeps a cushion so the world does not see a hiccup."