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Saudi April Crude Output Hits Record High

Top global oil exporter Saudi Arabia raised its crude production in April to a record high, feeding its flourishing Asian market share and its own power plants and refineries The world's top oil exporter pumped 10.308 million barrels of oil per day in April, a Gulf industry source told Reuters on Tuesday, compared to 10.29 million bpd in March. "This is an indication of strong demand, especially from Asia, as well as increasing domestic consumption during summer," the...

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