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 Saudi cuts output  

LONDON: Saudi Arabia, the world's top oil exporter, has trimmed its output to about nine million barrels per day (bpd), a Saudi oil source said yesterday.

The level is slightly lower than the 9.2m bpd that Saudi Arabia had been producing until now and reflects lower customer demand, the source said.

"Saudi oil production currently is around nine million barrels per day, which reflects the demand from our customers," the Saudi oil source said.

He reiterated the kingdom's production capacity stands at 11.3m bpd and will rise to 12.5m bpd by next year.

At its meeting last month, Opec agreed to leave output unchanged.




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