(EnergyAsia, May 6, Wednesday) — Saudi Arabia, the world’s leading oil exporter, said it is producing 7.79 million b/d, well below its OPEC target of 8.1 million b/d. Oil Minister Ali al-Naimi, who revealed this to reporters in Tokyo last month, did not say if the decline was intentional as oil exporters have been forced…
SAUDI ARABIA: Oil production to fall below target of 8.1 million b/d
Posted on May 5, 2009 by EnergyAsia