Oil production in Saudi Arabia reached a record 11.2 million barrels per day, Bloomberg writes, citing competent sources.
In November, Riyadh produced about 10.8-10.9 million barrels of oil per day. Such measures were caused by increased demand for oil, while the country was preparing for supply disruptions from Iran due to US sanctions.
According to Minister of Energy of Saudi Arabia Khalid Al-Falih, in November 2018 the level of oil production in the country turned out to be higher than in October, but the indicator could fall again in December. Next month, the Kingdom would reduce production by 500,000 barrels a day amid a "tapering off" in demand, the official noted.
At the moment, analysts are not sure whether Saudi Arabia will continue to support the increase in oil production.
