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Saudi Arabia Is Planning To Pump A Record Amount Of Crude In July

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Saudi Arabia is planning to pump a record amount of crude in July, embarking on one of its biggest-ever export surges to cool down oil prices, according to people briefed on the country’s output policy, Bloomberg News reports. State oil company Saudi Aramco is aiming to boost production next month to about 10.8 million barrels a day, the people said, asking not be named discussing confidential information.

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So am I gonna pay less then $4 gal nxt month?

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Is this a record production amount? And what is the anticipated domestic consumption which will probably set a record in July? Count the tankers leaving Rastanura. 

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Please, continue throwing around words like "record" and see prices stop going up., Who said IPO?

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