Saudi Arabia Production For The Coming Months Of October, November, And December Will Be ~9M Barrels Per Day
Portfolio Pulse from Happy Mohamed
Saudi Arabia has announced that its oil production for the upcoming months of October, November, and December will be approximately 9 million barrels per day, according to Reuters.
September 05, 2023 | 1:05 pm
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The United States Oil Fund (USO) could be impacted by Saudi Arabia's announced oil production levels for the next three months.
Saudi Arabia is a major global oil producer. Any changes in its production levels can influence global oil prices, which in turn can impact the performance of oil-related assets like the United States Oil Fund (USO). However, the exact impact will depend on various factors, including global oil demand and other producers' responses.
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