Petrologistics Expects Saudi Oil Supply Up on BP Woes

(MarketWatch) — Saudi Arabia, the world’s top oil exporter, is likely to raise its output to 9.5 million barrels a day this month to meet a global shortfall of crude following BP PLC’s (BP) oilfield shut down in Alaska, leading tanker tracker Petrologistics said Wednesday.

The additional 500,000 b/d of Saudi Arabian oil could be brought onstream “within days,” Petrologistics head Conrad Gerber told Dow Jones Newswires.

“It’s just a matter of opening the taps,” said Gerber. “They’ve said they’re willing and able to do it and I would expect oil supplies to go up as they’ll be trying to replace some of those barrels,” he added.
MarketWatch