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There's been much talk about Saudi Arabia and whether it is "doing enough" to rebalance the oil market. Let's take a look at the most recent data given JODI's update (figures to May) to see what it's actually doing.
Saudi's crude production continues to trend downwards and from all indications will stay below 10M bpd. After a significant ramp last year (peaking at ~11.4M bpd), Saudi's production has averaged 10.1M bpd