Saudi Arabia’s oil output is expected to edge up closer to record highs in the coming weeks to meet Summer demand for power.
It is estimated production might rise to around 10.5million barrels per day during summer.
Supply in April has held steady to slightly lower at about 10.15million bpd.
The predictions are expected to help ease market fears that Saudi Arabia could steeply add to global glut after production freeze talks in Qatar earlier this month collapse.
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