Saudi bumps up oil supplies
Saudi output bounces back in June
Top oil exporter Saudi Arabia showed no sign of cutting back supply in June following last month’s Opec agreement to rein in production, instead raising output by 300,000 barrels per day (bpd) from May to 10.1 million bpd (mbpd), an industry source said. After reducing output in May to 9.8 mbpd from April’s 30-year high of 10.1 mbpd, the world’s largest oil exporter raised production again in June, the source said.
- Al Tayer bucks the US department store trend with Bloomingdale's Kuwait opening
- Gulf Islamic banks set to outperform conventional banks for second year: Moody's
- Jordan secures EU finance for socioeconomic and environmental programs
- Same-day service deliveries in GCC an untapped market: Wing CEO
- Will terror attacks damper Arabs' appetite for European holidays?