Oil Market News Directory

Saudi Aramco’s Crude Production Reaches Near-Record High in 2014

Bloomberg reported that Saudi Arabian Oil Co. boosted its crude production in 2014 to 9.5 million barrels per day, a near all-time high, while adding reserves despite a supply glut that has cut oil prices by almost half. As quoted in the market news: Saudi Aramco, as the state-owned company is known, produced 9.5 million [...]