Saudi Arabia Continues To Raise Production -- April 16, 2015
Bloomberg is reporting:
Saudi Arabia boosted crude production to the highest in three decades in
March, with a surge equal to half the daily output of the Bakken
formation in North Dakota.
The kingdom boosted daily crude output by 658,800 barrels in March to an
average of 10.294 million, according to data the country communicated
to the Organization of Petroleum Exporting Countries’ secretariat in
Vienna. The Bakken formation, among the fastest-growing shale oil
regions in the U.S., pumped 1.1 million barrels a day in February,
according to data from the North Dakota Industrial Commission.
Peak oil? What peak oil?
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