Advertisement
New Zealand markets open in 39 minutes
  • NZX 50

    11,946.43
    +143.15 (+1.21%)
     
  • NZD/USD

    0.5952
    +0.0015 (+0.25%)
     
  • ALL ORDS

    7,937.50
    -0.40 (-0.01%)
     
  • OIL

    83.77
    +0.96 (+1.16%)
     
  • GOLD

    2,344.60
    +6.20 (+0.27%)
     

Saudi Arabia’s Oil Production Is near a Five-Month High

Saudi Arabia’s Oil Production Is near a Five-Month High

Saudi Arabia is OPEC’s largest oil producer. Saudi Arabia’s crude oil production increased by 60,000 bpd (barrels per day) to 10,120,000 bpd in May—compared to the previous month. The production was near a five-month high. The production also increased by 70,000 bpd or 0.7% from a year ago.