11-12-2016 14:24 via uk.news.yahoo.com

Saudi hits new oil output record in Nov amid OPEC cut talk

By Rania El Gamal VIENNA (Reuters) - Saudi Arabia pumped record-high amounts of oil in November, amid talks over a global deal to cut production, defying market expectations of lower output on slower domestic demand and refinery maintenance. The world's top oil exporter told the Organization of the Petroleum Exporting Countries it pumped 10.72 million barrels per day last month, an OPEC source said, up from 10.625 million bpd in October. In July, the kingdom's production was 10.67 million bpd, t
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