Analysis: Saudi Arabia ensures stable oil in 2014

Even though several OPEC countries have been struggling with their oil production, Saudi Arabia has ensured stability and will continue to do so going forward, says Global Risk Management in a quarterly analysis.
Photo: SaudiAramco
Photo: SaudiAramco
BY KATRINE GRØNVALD RAUN

A stable oil production from the oil producing countries (OPEC) very much depends on Saudi Arabia, which for several years - along with its allies Kuwait, the United Arab Emirates, and Qatar - has varied its monthly oil production from almost 8.83 million barrels of oil per day (mbpd) to 10.8 mbpd. In this way, the country has been able to ensure a steady supply of oil, and this scenario will likely be repeated in 2014, says Global Risk Management in a new quarterly analysis.

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