Saudi oil to flow more next year
Saudi Arabia's crude oil production will average 9.7 million barrels a day next year, according to National Commercial Bank (NCB), the kingdom's largest bank by assets.
That compares to a forecast of about 9.4 million barrels a day this year, said a report yesterday.
Arab Light crude, which makes up about 50 percent of Saudi Arabia's oil output, will average $105 a barrel this year, unchanged from a March 26 forecast. Prices will average $100 a barrel in 2013, it said.
- Saudi’s Prince Al Waleed bin Talal becomes Twitter’s second largest investor
- World Bank loans Egypt $550M to clean up the countryside
- Oprah snubs BDS over Israeli diamonds
- Tourism is the real target of the Tunisia attacks: industry set to suffer
- FIFA scandal probe: No deaths in 2022 World Cup construction, Qatar says