Riyadh – Mubasher: Saudi Arabian oil output increased to 9.782 million barrels of oil per day (bpd) in June, compared to 9.67 million bpd a month earlier, according to Reuters.
The oil-rich country’s production remained below the target of OPEC+, which stood at 10.3 million bpd.
Moreover, global crude supply is set to shrink after the Organization of the Petroleum Exporting Countries (OPEC) and non-affiliated producers, including Russia, agreed last month to continue to withhold oil barrels from markets until March 2020.
