Riyadh – Mubasher: Saudi Arabia has increased its crude oil production to 10.7 million barrels per day (bpd) starting from October in an effort to meet clients’ rising demand, energy minister Khalid Al-Falih said.
The international oil market is currently receiving good supplies, Al-Falih told Reuters.
Earlier on Wednesday, informed sources stated that Saudi Arabia and Russia have hammered out a private agreement in September to raise oil production in a bid to put a lid on the rising crude prices.
