Saudis pumped 8.66 million barrels a day in March, data show
Saudi Arabia, the world's largest crude exporter, pumped 8.66 million barrels of oil a day in March, down 4 percent from its output of 9.02 million a day in the previous month, official data showed.
The US is releasing 30 million barrels of oil from the Strategic Petroleum Reserve as part of an international effort to make up for disruption in Libya's oil production, a decision aimed at increasing supply ahead of the nation's summer driving season, Obama administration officials said Thursday.