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    Home > Chemicals Industry > Chemical Technology > Al-Falih: Saudi Arabia will increase crude oil production next month

    Al-Falih: Saudi Arabia will increase crude oil production next month

    • Last Update: 2022-11-26
    • Source: Internet
    • Author: User
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    Saudi Arabian Energy Minister Khalid al-Falih said in New Delhi on October 15 that oil prices would "easily be in the triple-digit range"
    without Saudi Arabia's spare capacity as a market buffer, according to Platts News on October 15 in New Delhi.

    Al-Falih made the remarks at the India Energy Forum in New Delhi, India, held by CERAWeek
    .
    "We expect and need recognition of Saudi
    Arabia's efforts," he said.
    These supply disruptions require a shock absorber, which already involves most of Saudi Arabia's spare capacity
    .

    Al-Falih later told reporters outside the venue that Saudi Arabia would boost crude production
    next month.

    Saudi Arabia currently produces about 10.
    7 million barrels
    of crude oil per day.

    Saudi Arabian Energy Minister Khalid al-Falih said in New Delhi on October 15 that oil prices would "easily be in the triple-digit range"
    without Saudi Arabia's spare capacity as a market buffer, according to Platts News on October 15 in New Delhi.

    Saudi

    Al-Falih made the remarks at the India Energy Forum in New Delhi, India, held by CERAWeek
    .
    "We expect and need recognition of Saudi
    Arabia's efforts," he said.
    These supply disruptions require a shock absorber, which already involves most of Saudi Arabia's spare capacity
    .

    Al-Falih later told reporters outside the venue that Saudi Arabia would boost crude production
    next month.

    Saudi Arabia currently produces about 10.
    7 million barrels
    of crude oil per day.

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