Saudi Production Up 500,000 bpd in June

[Carlsbad + 19]

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

[Martin + 31]

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 July 11, 2018 by Martin
Spelling correction

[Rodent + 1,424]

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. 

[Justin Hicks + 162]

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

[Marina Schwarz + 1,576]

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