Saudis considering oil output hike to around 10 mil b/d: report



London (Platts)--13Jun2008

Saudi Arabia is considering boosting crude output to around 10 million
b/d, the Middle East Economic Survey newsletter said Friday.

Oil minister Ali Naimi said in May during US President George W Bush's
visit that the kingdom would boost output by 300,000 b/d to 9.45 million b/d
in June.

"A sizable additional increase, at the levels MEES understands are being
considered, would put production up at near-record levels of around 10 million
b/d," MEES said.

"This level of output would have the added virtue of silencing the
section of analysts opinion which has increasingly cast doubt on Saudi
capacity claims," MEES added.