Saudi Crude Supplies Increase

Saudi Crude Supplies IncreaseSaudi Crude Supplies Increase

Supply of Saudi Arabian crude oil increased by 40,000 barrels per day (bpd) in November, despite a global oil glut that is choking prices, Reuters reported. Saudi supplied 9.420 million bpd of crude in November, up from 9.36 million bpd in September. On Wednesday, Saudi Oil Minister Ali al-Naimi dismissed suggestions that Saudi Arabia might cut production to halt the price slump.