Saudi Aramco Has Stepped Up its Production to 9.1 Million B/D and Chartered VLCCs to Supply an Additional 16 Million Barrels of Crude to the U.S.in July

摘要

The Saudi Oil Minister,Mr.AH al-Naimi,disclosed on 22 May that the country's oil production was currently running at 9.1 million b/d,about 10% more than in April,adding that it could be stepped up to 11 million b/d,and even to 15 million b/d.In an interview with the Saudi newspaper Al Hayat on the occasion of the International Energy Forum in Amsterdam,Mr.al-Naimi added that OPEC should increase its production ceiling by 2.3-2.5 million b/d and that a price in a range of US30/b to US35/b would not be of concern to anyone."The market is hoping for US35/b because it is afraid of a price ofUS50/b,and we are also afraid of such a price," declared Mr.al-Naimi.