Production

Saudi Arabia is poised to increase output lead

Saudi share of oil market expected to climb to highest level since 1980s this decade as other high-cost producers are forced to slash investment in the wake of the Covid-19 outbreak

Saudi Output: View of the production facility at Saudi Aramco's Shaybah oilfield in the Empty Quarter
Saudi Output: View of the production facility at Saudi Aramco's Shaybah oilfield in the Empty QuarterPhoto: REUTERS/SCANPIX
  • Nassir Shirkhani
Tehran
Published 14 June 2020, 23:21Updated 14 June 2020, 23:21
Saudi ArabiaJP MorganOpecRussiaproduction