Saudi Arabia Can't Figure Out If It's Pumping More Oil Or Not

Saudi Arabia Can't Figure Out If It's Pumping More Oil Or Not

from Clusterstock by Gregory White

Saudi Arabian officials are conflicted as to whether or not they're actually pumping more oil, or less oil, in response to the crisis in Libya.
They are certain they're now going to pump less. Or, at least, not increase production even though prices are rising. Saudi Arabia intends to keep production at 12.5 million barrels a day, according to the latest reports.

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