Saudi Production Up 500,000 bpd in June

Saudi Arabia's oil production jumped by nearly 500,000 barrels per day in June, so what can we expect in July?

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(edited)

Indications are that the Saudis are talking 'discipline and restraint' while opening the tap. It is difficult not to expect a similar or higher number.

Edited by Martin
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33 minutes ago, Carlsbad said:

Saudi Arabia's oil production jumped by nearly 500,000 barrels per day in June, so what can we expect in July?

I would say certainly higher. That 450,000 bpd in June was an average, and I would bet good money that in the beginning of June the figures were lower than at the end of June--the end of June then likely higher than 450,000 bpd. 

Of course, that's assuming that those figures are accurate in the first place. 

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Probably another 75,000- 100,000 in July and August

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It's actually 400,000, the latest OPEC report said.

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