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Page added on July 23, 2022
Saudi Arabia Nears Its Oil Pumping Limit
Saudi Arabia has limited additional capacity to ramp up oil production, according to people familiar with its pumping ability, a constraint that would make it difficult for Riyadh to increase global supply even if it were willing to do so.
President Biden recently wrapped up a high-profile trip to Saudi Arabia, saying he expected the kingdom to help the U.S. boost global supplies. The Organization of the Petroleum Exporting Countries, with Riyadh as its de facto leader, meets early next month to determine whether to lift its current quota for production. The group has been working in recent years with a parallel group of big producers headed by Russia.
4 Comments on "Saudi Arabia Nears Its Oil Pumping Limit"
Ted Wilson on Fri, 29th Jul 2022 10:12 pm
this has been told for many times in the past, but people had a false belief that they can pump 15 million b/d.
in reality they are struggling to pump 12 million b/d.
driving directions on Mon, 12th Aug 2024 10:12 pm
This is a useful discussion IMHO. I am thinking of buying a Tesla soon but have no illusions of us doing without oil anytime soon. Energy density is the problem until we have much better batteries.
driving directions on Sun, 25th Aug 2024 9:07 pm
The knowledge and expertise you have generously shared with me are greatly appreciated. Your courage is inspiring.
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