Saudi Arabia set to raise oil output amid recovery in prices: WSJ

SourceAhram
SectorOil & Gas
CountrySaudi Arabia

Saudi Arabia plans to increase oil output in the coming months, reversing a recent production cut, the Wall Street Journal reported on Wednesday, citing advisers to the country. Saudi Arabia is expected to announce its plans when a coalition of oil producers meets next month, according to the WSJ report, adding that the output rise won't kick in until April. ...read more...