Saudi Arabia sees crude supply stable around 10 mln bpd: sources
23 Mar 2017 - 15:43
DUBAI: Saudi Arabia expects its crude oil supply to be stable at around 10 million barrels per day in the next few months, fully in line with the country’s OPEC quota and regardless of possible fluctuations in monthly production, industry sources said.
Riyadh has stressed the importance of focussing on its supply rather than output as supply includes crude delivered to the market - domestically and for export - from the wellhead and from storage.
One Saudi-based source told Reuters production could be lower than supply in March or April.
(Reporting by Rania El Gamal; Editing by Dmitry Zhdannikov and Dale Hudson)