Saudis Said To Offer Oil Production Cut If Iran Freezes Output
September 23, 2016 at 08:00 AM EDT
Riyadh's production has spiked since June due to summer demand, reaching a record high in July of 10.67 million bpd and edging down to 10.63 million bpd in August. From January to May, Saudi Arabia produced around 10.2 million bpd.