Saudi Arabia Raises Oil Output Amid Fears of Supply Crunch
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Saudi Arabia posted the biggest month-on-month increase in oil supply of any OPEC country in May, according to the latest report from the International Energy Agency (IEA).

The Kingdom’s production was up 100,000 barrels per day (bpd) to 10.02 million barrels. Domestically, more crude was burned in Saudi power plants during the month, partly due to higher air-conditioning use.

The Kingdom’s production was up 100,000 barrels per day (bpd) to 10.02 million barrels. (Shutterstock)
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