Saudis tap stocks to boost crude supplies

摘要

London-Saudi Arabia saw its oil production rise 136,000 b/d in August but supplied more than it actually produced, an OPEC source said Friday, as the world’s biggest oil exporter tapped its crude stocks to boost flows to the market. OPEC’s largest producer will report August crude production of 10.424 million b/d, the source told S&P Global Platts, up from a self-reported production figure of 10.288 million b/d in July. The August figure reflects the producer’s response to higher global demand for Saudi oil, the source said on condition of anonymity.