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(Reuters) Amena Bakr and Reem Shamseddine - Top oil exporter Saudi Arabia is nearing its comfortable operational production limits and may struggle to do much to make up for shortages that arise from new sanctions imposed on Iran by the West, Gulf-based sources said. The kingdom is now pumping just under record rates of 10 million barrels per day. "Saudi Arabia could comfortably manage an extra 500,000 barrels a day or so and, if pushed, could go up to 11 million," said an oil official in the region. A Saudi source said, "Saudi Arabia can easily make 1 million to 1.5 million (barrels per day) available." 2012-01-11 00:00:00Full Article
Saudi Oil Output Nearing Capacity Limit
(Reuters) Amena Bakr and Reem Shamseddine - Top oil exporter Saudi Arabia is nearing its comfortable operational production limits and may struggle to do much to make up for shortages that arise from new sanctions imposed on Iran by the West, Gulf-based sources said. The kingdom is now pumping just under record rates of 10 million barrels per day. "Saudi Arabia could comfortably manage an extra 500,000 barrels a day or so and, if pushed, could go up to 11 million," said an oil official in the region. A Saudi source said, "Saudi Arabia can easily make 1 million to 1.5 million (barrels per day) available." 2012-01-11 00:00:00Full Article
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