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OPEC report: Saudi oil exports to decline

Saudi Arabia’s crude oil production will not increase beyond an average level of 8.7 mb/d (average last 20 years: 8.3 mb/d) until 2015. This is what OPEC Governor Majed al Moneef said when releasing a new research paper published on the web site of the Arab Energy Club and quoted by Platts. As Saudi’s domestic [...]