June 26, 2018 / 3:30 PM / 5 months ago

Saudi Arabia plans record crude oil production in July: Bloomberg

FILE PHOTO: An oil tanker is being loaded at Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. REUTERS/Ahmed Jadallah/File Photo

(Reuters) - Saudi Arabia is planning to pump a record amount of crude in July, embarking on one of its biggest-ever export surges to cool down oil prices, Bloomberg reported citing people briefed on the country’s output policy.

State oil company Saudi Aramco is aiming to boost production next month to about 10.8 million barrels a day, the report said.

Saudi Aramco did not respond to an email outside business hours.

Reporting by Laharee Chatterjee in Bengaluru; Editing by Shailesh Kuber

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