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Commodities Briefing - Categorized | Market Moves, Oil more

Kuwait, Saudi Arabia boost oil output

Posted on 05 September 2011

Kuwait pumped more than 2.8 million barrels per day (bpd) of oil throughout August, state news agency KUNA on Sunday reported oil minister Mohammad Al Busairi as saying, the highest level since the global economic downturn in late 2008.
Kuwait has not produced over 2.80 million bpd since its output peaked at 2.85 million bpd in September 2008, according to official data provided by the Joint Data Initiative (JODI), just before oil demand dipped in the global economic crisis……………………………………….Full Article: Source


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