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Saudi drops oil output
- Saudi Arabia: Saturday, May 27 - 2006 at 12:57
Saudi Arabia cut its oil production in April and May to its lowest level in a year, according to agency reports. Tanker tracking consultancy Petrologistics said that this was due to a dip in global refinery demand, as a result of widespread plant maintenance. Output in April stood at 9.1m bpd, down from 9.4m bpd in March.
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Jonathan Sheikh-Miller, Deputy EditorSaturday, May 27 - 2006 at 12:57 UAE local time (GMT+4)
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