Saudi Arabia producing 9.39 million barrels of oil a day

Saudi Arabia supplied 9.39 million barrels of crude oil a day to the world market in September, the country’s oil minister, Ali Al-Naimi, said.

Saudi Arabia, OPEC’s biggest producer, will keep pumping at such rates even if Libyan output returns to the market this year as long as customers are in need of the oil, he told reporters in Dhahran today.

The oil market is well supplied and there is no oversupply, the minister said. The Organization of Petroleum Exporting Countries meets next on Dec. 14 in Vienna.