SWEET CRUDE Archive
Saudis to pump 10 million bpd
China, Commodities, Oil
Jun 10, 2011
The Saudis don’t sell in the spot markets, they only post prices to refiners and then take orders at those prices. That is, they post price and let quantity vary. So the only way they could definitively get to 10 million bpd would be to change policy and sell in the spot
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