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Is Saudi Arabia—the world’s largest oil producer—accurately reporting its oil production?

“Saudi Arabia has pressed independent energy analysts to alter their estimates of its oil production, people familiar with the matter said, a move that could put it in conflict with other members of the fractious Organization of Petroleum Exporting Countries” writes Summer Said for marketwatch.com. The world’s largest oil CLU8, +0.25% LCOV8, +0.51%   exporter has told OPEC it cut output in July, according to delegates, but estimates from the U.S. government and independent agencies say it boosted production—amounting to a huge difference of as much as half a million barrels a day.
 
Source: marketwatch.com



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