Financial Times | Saudi Arabian oil output hits record Financial Times Saudi Arabia increased its oil production to a record level in May in an attempt to win back more customers and meet demand for its crude. Output in May reached 10.33m barrels a day, according to numbers submitted by Riyadh to Opec, the oil cartel, ... Oil prices rise, on higher Saudi Arabian output due to strong demand Saudi Arabia says it's pumping more oil to meet higher demand Saudi Arabia, Egypt stock markets rise after oil's rally, MSCI news |