SAUDI'S OIL PRODUCTION DOWN 400 TBD
MEOG - Saudi Arabia reportedly cut its crude production by more than 400,000 barrels per day (bpd) in December 2018. Saudi crude production sat at 10.65 million bpd (mbpd) that month, down from 11.07 mbpd in November.
Saudi Arabia's oil minister, Khalid al-Falih said in December that the country would pump 10.2 mbpd in January, less than the 10.3 mbpd agreed upon at OPEC's December meeting; Saudi Arabia plans to cut an additionally 100,000 bpd from its output.
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