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12/07/2025 02:48 AST
Saudi Arabia's Ministry of Energy has confirmed that the Kingdom remained fully compliant with its voluntary OPEC+ production targets in June, with marketed crude oil supply averaging 9.352 million barrels per day.
The figure reflects complete alignment with the agreed quota, underscoring Saudi Arabia's ongoing commitment to oil market stability.
Amid elevated geopolitical tensions, the Kingdom emphasized that it acted prudently and preemptively in managing its energy output.
The Ministry described Saudi Arabia's role as that of a reliable, transparent, and dependable energy supplier, reinforcing the country's efforts to enhance supply chain resilience and support global energy security.
Although crude production briefly exceeded marketed supply, the additional volumes were not sold either domestically or internationally. Instead, they were managed as part of a broader contingency strategy.
These volumes were directed toward building domestic inventories, improving east-west crude flow optimization, and repositioning barrels to offshore storage hubs under long-term delivery strategies designed to enhance flexibility and responsiveness.
The Ministry further stressed that all production and supply figures are reported to the OPEC Secretariat on a monthly basis with full transparency.
In addition, all eight OPEC-designated Secondary Sources were formally briefed at the start of the week regarding the June data, reaffirming the Kingdom's commitment to transparency and cooperation within the OPEC+ framework.
Saudi Gazette
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12/07/2025
The civil aviation authorities of both the State of Qatar and the People's Republic of China held a meeting in Beijing, yesterday.
The meeting discussed ways to enhance cooperation in operat
The Peninsula
12/07/2025
The non-oil trade surplus of Saudi Arabia with the Gulf Cooperation Council (GCC) countries recorded an annual growth rate of 203.2% to more than SAR2 billion ($532 million) in April. It soared to ar
Trade Arabia
12/07/2025
Young professionals earning between Dh10,000? ?and Dh15,000? ?are being advised to set aside between 20? ?and 30? ?per cent of their income if they plan to invest in property?. ?Real estate experts s
Khaleej Times
12/07/2025
Saudi banks' money supply M3 reached SR3.09 trillion ($824.3 billion) in May, rising about 9.39 percent from the same period last year.
According to data by the Saudi Central Bank, also kno
Arab News
12/07/2025
Tesla's arrival in Saudi Arabia signals a turning point in the Kingdom's ambitious electric mobility strategy, with close to half of its citizens now open to purchasing an electric vehicle.
Arab News
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