Analysis: Saudi Arabia ensures stable oil in 2014
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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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