The International Energy Agency said Saudi output has reached 9.8
million barrels per day, the highest since 1981. The Paris-based group said
the rate was achieved in August amid rising global energy demand.
"Exports appear largely unchanged from July levels, with the increased
volumes dedicated to meet higher demand for direct crude burn," IEA said on
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The agency, in its monthly oil market report, also cited increasing
production from other Gulf Cooperation Council states.
They included Kuwait
and the United Arab Emirates, which contributed to a total OPEC supply of
30.26 million barrels a day in August, up from 30.09 million barrels in
Saudi Arabia is said to have employed 700,000 barrels per day for power