Saudi Arabia Complies on Opec Cuts Amid Shortage Fears

摘要

Saudi Arabia’s oil output fell to 10.24 million barrels per day in January,a Saudi-based industry source told Energy Intelligence Wednesday. The Opec kingpin’s production dropped by 400,000 b/d from the previous month as Riyadh continues to comply with the producers’curb pact between Opec and non-Opec states despite the looming threat of a supply outage.