Saudi Arabia's Production Increase Sparks Credibility Concerns

Saudi Arabia denies exceeding OPEC+ oil output target in June

Saudi Arabia’s energy ministry stated that the kingdom remained fully compliant with its voluntary OPEC+ production target in June.

Saudi Arabia's Production Increase Sparks Credibility Concerns

Saudi Arabia reportedly overshot its June oil production quota by 700,000 barrels per day, raising questions about OPEC+ compliance and transparency amid media bans.

Saudi Arabia Just Became OPEC’s Newest Cheater

The International Energy Agency says the kingdom exceeded its output quota by about 700,000 barrels a day.

Saudi Arabia’s production increase sparks credibility concerns – Oil & Gas 360

(Oil Price) – After two years of playing the role of OPEC+ model citizen, Saudi Arabia has decided it’s time to loosen the tie—at least according to the IEA. According to the International Energy Agency, the Kingdom overshot its June production quota by a whopping 700,000 barrels per day, pumping 9.8 million bpd—the highest in two years. OPEC’s official production figures are due Tuesday, and some analysts have already suggested they’ll show near

Saudi Arabia Just Became OPEC’s Newest Cheater - Energy News, Top Headlines, Commentaries, Features & Events

The International Energy Agency says the kingdom exceeded its output quota by about 700,000 barrels a day. The most surprising part of the International Energy Agency’s latest monthly outlook isn’t its demand forecast, which remains pessimistic, but rather what it says about how much oil an OPEC+ stalwart pumped last month. Traditional production quota cheats ...