11/02/2014
Amounted to 9.767 million barrels per day
Saudi Arabia's oil production fell in January
A Gulf source said yesterday, that the largest oil exporter in the world produced 9 807 million barrels of crude oil in January, a decrease of 9 825 million barrels in December. But he added that Saudi Arabia has offered to 9.916 million barrels a day, from 9 899 million barrels. Production varies based on the increased stock supply or withdrawal from it. Reuters quoted a source as saying: 'the market is in good shape and really stable and strong growth in demand. And the slight decrease of the production by the absence of any evidence of the intention of the Kingdom. Some observers of the market speculators that Saudi Arabia will be forced to cut production to nine million barrels per day by the middle of the year, to allow the entry of larger amounts of crude from Iran and Iraq.
Iraq's exports have declined from raw in January to 597 million barrels a day, but Abdul Kareem luaibi oil Minister predicted last week that rising production in the month. A survey for Reuters ' that OPEC's production rose to 29.75 million barrels per day in January, the lowest level in two and a half years in December, with partial recovery of supplies from Libya, Iraq and Iran exports increase.
A Gulf source said yesterday, that the largest oil exporter in the world produced 9 807 million barrels of crude oil in January, a decrease of 9 825 million barrels in December. But he added that Saudi Arabia has offered to 9.916 million barrels a day, from 9 899 million barrels. Production varies based on the increased stock supply or withdrawal from it. Reuters quoted a source as saying: 'the market is in good shape and really stable and strong growth in demand. And the slight decrease of the production by the absence of any evidence of the intention of the Kingdom. Some observers of the market speculators that Saudi Arabia will be forced to cut production to nine million barrels per day by the middle of the year, to allow the entry of larger amounts of crude from Iran and Iraq.
Iraq's exports have declined from raw in January to 597 million barrels a day, but Abdul Kareem luaibi oil Minister predicted last week that rising production in the month. A survey for Reuters ' that OPEC's production rose to 29.75 million barrels per day in January, the lowest level in two and a half years in December, with partial recovery of supplies from Libya, Iraq and Iran exports increase.
A Gulf source said yesterday, that the largest oil exporter in the world produced 9 807 million barrels of crude oil in January, a decrease of 9 825 million barrels in December. But he added that Saudi Arabia has offered to 9.916 million barrels a day, from 9 899 million barrels. Production varies based on the increased stock supply or withdrawal from it. Reuters quoted a source as saying: 'the market is in good shape and really stable and strong growth in demand. And the slight decrease of the production by the absence of any evidence of the intention of the Kingdom. Some observers of the market speculators that Saudi Arabia will be forced to cut production to nine million barrels per day by the middle of the year, to allow the entry of larger amounts of crude from Iran and Iraq.
Iraq's exports have declined from raw in January to 597 million barrels a day, but Abdul Kareem luaibi oil Minister predicted last week that rising production in the month. A survey for Reuters ' that OPEC's production rose to 29.75 million barrels per day in January, the lowest level in two and a half years in December, with partial recovery of supplies from Libya, Iraq and Iran exports increase.
A Gulf source said yesterday, that the largest oil exporter in the world produced 9 807 million barrels of crude oil in January, a decrease of 9 825 million barrels in December. But he added that Saudi Arabia has offered to 9.916 million barrels a day, from 9 899 million barrels. Production varies based on the increased stock supply or withdrawal from it. Reuters quoted a source as saying: 'the market is in good shape and really stable and strong growth in demand. And the slight decrease of the production by the absence of any evidence of the intention of the Kingdom. Some observers of the market speculators that Saudi Arabia will be forced to cut production to nine million barrels per day by the middle of the year, to allow the entry of larger amounts of crude from Iran and Iraq.
Iraq's exports have declined from raw in January to 597 million barrels a day, but Abdul Kareem luaibi oil Minister predicted last week that rising production in the month. A survey for Reuters ' that OPEC's production rose to 29.75 million barrels per day in January, the lowest level in two and a half years in December, with partial recovery of supplies from Libya, Iraq and Iran exports increase.
