Saudis should stabilize production at 10 million bpd

According to the Saudi industry sources, the supply of oil in the country should remain stable at 10 million barrels per day over the next months 2017. Saudi Arabia believes it is more important to focus on offer than in production. This is because the supply aggregates the raw product supplied to the domestic and foreign market, from production wells and inventories.

The offer of 10 million is in line with the quota that the Saudis have made with the Organization of Petroleum Exporting Countries (OPEC). According to source told Reuters in May and April production may be lower than the supply.

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