, Saudi Arabia 's oil minister said his country and other OPEC members have the capacity to produce surplus oil , Saudi Press Agency reported . one countries sign a charter to limit price fluctuations . Oil prices jumped 6 % on Tuesday . Saudi Arabia 's produces 8.4 million barrels of crude per day . Libya daily production is 8.4 million barrels .
one countries sign a charter to limit price fluctuations . Oil prices jumped 6 % on Tuesday . Saudi Arabia 's produces 8.4 million barrels of crude per day . Libya daily production is 8.4 million barrels .