Saudi Arabia's oil output may edge up in June, sources familiar with the ki...
DUBAI/LONDON - Saudi Arabia’s oil output may edge up in June, sources familiar with the kingdom’s policy said, but the extra crude may be used for domestic power generation rather than providing the boost to exports that Washington has been seeking.
Production from the world’s top crude exporter in May is expected to be around 10 million barrels per day , slightly higher than April but still below its quota under the OPEC-led pact of 10.3 million bpd, industry sources said. U.S. President Donald Trump said last week he had called Saudi Arabia and OPEC and told them to lower oil prices, but he did not say who he spoke to or when the conversations took place.
“One thing for sure is that if customers asked for more oil they will then raise output,” the source added.Saudi Arabia wants oil prices of at least $70 a barrel this year as it seeks to boost the economy with extra spending, finance economic reforms and fund its four-year war in Yemen. “But it is not clear now what will be the demand from the customers. Apart from Iran, there are also some serious concerns about the situation in Venezuela and Libya,” the source said.
Saudi crude exports allocations for June are expected to be issued around May 10. State-run Saudi Aramco is expected to release its official selling prices for Saudi crude next week, industry sources said.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Why are Sudan’s protesters snubbing the UAE and Saudi Arabia?Protesters warn the two oil rich gulf states against 'meddling' in their country, with many chanting: “We do not want Saudi aid even if we have to eat beans and falafel!”
Consulte Mais informação »
Uber is 'totally different' to Lyft, major investor Saudi Arabia says ahead of IPOSaudi Arabia's sovereign wealth fund says Uber is 'totally different' to Lyft despite investor concerns over profitability.
Consulte Mais informação »
Oil prices firm as Saudi Arabia says OPEC may extend supply cutsOil prices on Tuesday reversed earlier losses after Saudi Arabia said a deal bet...
Consulte Mais informação »
Why The IMF Is Wrong About Saudi Arabia Needing $85 OilDon't listen to claims that Saudi Arabia needs $85 oil. It doesn't.
Consulte Mais informação »
Saudi Arabia temporarily releases four women’s rights activistsAuthorities began arresting female activists a year ago in a dragnet that was sharply criticized by human rights groups.
Consulte Mais informação »
Saudi Arabia responding to Iran oil tanker emergencySaudi Arabia says it is responding to an emergency involving an Iranian oil tanker off the coast of Jiddah, and analysts say the vessel carries over 1 million barrels of fuel oil and may be leaking, jongambrellAP writes.
Consulte Mais informação »
Saudi Arabia temporarily releases female activistsFour female Saudi activists were temporarily released from prison on Thursday, a source familiar with the events tells CNN.
Consulte Mais informação »
Saudi, UAE overstate their oil capacities: Iran oil ministerIranian Oil Minister Bijan Zanganeh said Saudi Arabia and the United Arab Emirat...
Consulte Mais informação »
Saudi Arabia said they confessed. But court filings show some executed men protested their innocenceLeaked documents obtained by CNN reveal that some of the men who were recently executed in Saudia Arabia claimed that their confessions were false and had been obtained through torture.
Consulte Mais informação »
Saudi's Falih says global oil deal could be extended to end of 2019: RIAA global deal on oil production led by Russia and Saudi Arabia could be extended...
Consulte Mais informação »
Family: Boy thrown from mall balcony could be home by JuneMINNEAPOLIS (AP) — The family of a 5-year-old boy who was thrown by a stranger off a third-floor balcony at the Mall of America in Minnesota this month says he's alert and conscious and no longer in critical condition.
Consulte Mais informação »