June 3, 2019 / 7:48 AM / 15 days ago

Saudi Arabia deepens oil output cut in May - Saudi source

DUBAI, June 3 (Reuters) - Saudi Arabia pumped 9.65 million barrels of oil per day (bpd), cutting deeper than its production target under a global pact to reduce oil supply, a Saudi oil industry source said on Monday.

The world’s top oil exporter’s output target under an OPEC-led supply cut agreement is 10.3 million bpd. (Reporting by Rania El Gamal, editing by Louise Heavens)

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