Saudi Arabia's oil production exceeded 11 million barrels per day

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According to Bloomberg, oil production in Saudi Arabia increased again, setting a new record. Now, the kingdom produces 11.2 million barrels per day.

In October, production amounted to 10.8-10.9 million barrels per day, has increased against the background of higher applications from consumers who intend to cut off hydrocarbon supplies from Iran due to US sanctions. The agency said that Saudi Arabia also uses oil from its own and foreign reserves.

However, the country's Energy Minister Khalid al-Falih said that in December, it is planned to reduce oil production by 500 thousand barrels per day as a result of a smaller number of requests from customers.

The material has been provided by InstaForex Company - www.instaforex.com