Oil production in Saudi Arabia, the world's largest crude exporter, rose to 10.1 million barrels per day in June, from 9.8 million barrels per day a month earlier, a person familiar with the situation said Wednesday.

The output rose on demand from customers and the Kingdom is currently producing around 10 million barrels per day, the person, who asked not to be named, told Dow Jones Newswires.

A Dow Jones survey showed earlier this month that the Arab world's largest economy produced 10.05 million barrels per day in June, unchanged from a month earlier.

In June, the Organization of the Petroleum Exporting Countries agreed to maintain its existing oil-production ceiling of 30 million barrels a day and pledged to rein-in overproduction after some members complained that a glut of oil could lead to a price crash. OPEC didn't disclose any individual production quotas for its members, but asked them to adhere to the collective production limit and warned the global economy faces downside risks.

OPEC president, Iraqi Oil Minister Abdul Kareem Luaiby, has already sent a letter to member states reminding them to comply with the ceiling, but analysts say Saudi Arabia is unlikely to lower its high output in the short term.

Διαβάστε ακόμα