Saudi oil production drops to lowest level of 2012 in November

12 December 2012

Low production figure will not affect record revenues for the kingdom

Saudi Arabia pumped an average of 9.5 million barrels a day (b/d) of oil in November, the lowest level of 2012.

The kingdom pumped less crude due to a number of factors including lower demand and increased production from the US.

Oil revenues in Saudi Arabia are expected to reach record levels in 2012 and in June, the kingdom produced an average of 10.1 million b/d.

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