Commodities

Saudi Arabia on track to hit oil output over 13 million bpd by 2027, says minister



© Reuters. Saudi Arabia’s Energy Minister, Prince Abdulaziz bin Salman al Saud, speaks during the Future Aviation Forum in Riyadh, Saudi Arabia, May 9, 2022. REUTERS/Ahmed Yosri/Files

MANAMA (Reuters) – Saudi Arabia’s energy minister said on Monday the kingdom was on track to increase its oil production to more than 13 million barrels per day by the end of 2026 or the beginning of 2027.

Prince Abdulaziz bin Salman told an energy conference in Bahrain that production could be maintained at that level once it was reached should market demand require it.

(Reporting Yousef Saba, Maha El Dahan and Nadine Awadalla; Editing by Edmund Blair)



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