Saudi Arabia boosts crude oil production to highest level on record

Output reaches 10.3m barrels a day in March as kingdom responds to unexpectedly strong global demand Saudi Arabia has revved up crude production to its highest rate on record, feeding unexpectedly strong demand from foreign refiners and increased capacity at home. The oil minister, Ali al-Naimi, said on Tuesday the country produced 10.3m barrels per day (bpd) of crude in March, a figure that would eclipse its previous recent peak of 10.2m bpd in August 2013, according to records going back to th...