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Saudi Bank NCB lowers forecast for OPEC leader’s crude output

Posted on 07 March 2013

Saudi Arabia’s crude oil output this year may average 400,000 barrels a day less than in 2012 as the kingdom curbs supply to help meet OPEC’s production target, according to a National Commercial Bank forecast.
The world’s largest crude exporter may pump 9.5 million barrels a day on average in 2013, Saudi Arabia’s biggest lender by assets said today in an e-mailed note. NCB reduced its estimate for Saudi production this year from its previous forecast, in November, of 10.1 million barrels………………………………………..Full Article: Source


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