He also said Saudi Arabia would pump about 10.2 million bpd in January, down from about 10.7 million bpd in December. Production of Saudi Arabian crude oil will fall by one million barrels per day ( bpd ) in December to 7.3 million bpd , according to sources . Meanwhile , oil production will fall to around 10.2 million barrels in January , down from about 10.7 bpd in December , said Saudi energy minister , Khalid al - Hassan . The forecasts followed an agreement by OPEC and its allies , including Russia , to cut oil production in order to support prices , despite President Donald Trump 's desire to reduce the price of crude .
Production of Saudi Arabian crude oil will fall by one million barrels per day ( bpd ) in December to 7.3 million bpd , according to sources . Meanwhile , oil production will fall to around 10.2 million barrels in January , down from about 10.7 bpd in December , said Saudi energy minister , Khalid al - Hassan . The forecasts followed an agreement by OPEC and its allies , including Russia , to cut oil production in order to support prices , despite President Donald Trump 's desire to reduce the price of crude .