# Saudi Arabia pumps record amount of oil as Trump piles on pressure | Reuters

> Saudi crude output reportedly reached 11.1-11.3 million bpd in November, up about 0.5 million bpd from October and over 1 million bpd above early 2018 levels. The increase came under U.S. pressure to keep markets supplied.

- Date: 2018-11-26 · published 2018-11-26T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/61947-saudi-arabia-pumps-record-amount-of-oil-as-trump-piles-on-pressure-reuters
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Higher Saudi output adds to global supply and is bearish for crude, pressuring energy-linked costs and diesel prices.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2019-09-17 | [Oil plunges on report Saudi Arabia may soon restore most of lost output](https://feedsoft.ai/events/57242-oil-plunges-on-report-saudi-arabia-may-soon-restore-most-of-lost-output.md) | -6.9% | -15.0% |
| WTI | 2020-04-06 | [Oil falls after Saudi Arabia, Russia delay meeting, Cushing stockpiles soar \| Reuters](https://feedsoft.ai/events/53814-oil-falls-after-saudi-arabia-russia-delay-meeting-cushing-stockpiles-soar.md) | -21.1% | -13.4% |
| WTI | 2019-09-18 | [Oil prices: Saudi Arabia pledges to restore production after drone attacks](https://feedsoft.ai/events/57237-oil-prices-saudi-arabia-pledges-to-restore-production-after-drone-attacks.md) | -3.4% | -10.9% |
| WTI | 2020-03-06 | [Russia-Saudi Oil Alliance Under Pressure as Moscow Rejects Production Cuts - The Moscow Times](https://feedsoft.ai/events/54055-russia-saudi-oil-alliance-under-pressure-as-moscow-rejects-production-cuts-the.md) | -31.3% | -45.0% |
| WTI | 2026-03-10 | [Oil dives, settles down 11% after Trump predicts Middle East de-escalation \| Reuters](https://feedsoft.ai/events/6628-oil-dives-settles-down-11-after-trump-predicts-middle-east-de-escalation-reuters.md) | -1.3% | +20.4% |
| BRENT | 2019-09-17 | [Oil plunges on report Saudi Arabia may soon restore most of lost output](https://feedsoft.ai/events/57242-oil-plunges-on-report-saudi-arabia-may-soon-restore-most-of-lost-output.md) | -5.8% | -14.0% |
| BRENT | 2020-04-06 | [Oil falls after Saudi Arabia, Russia delay meeting, Cushing stockpiles soar \| Reuters](https://feedsoft.ai/events/53814-oil-falls-after-saudi-arabia-russia-delay-meeting-cushing-stockpiles-soar.md) | -12.0% | -18.2% |
| BRENT | 2019-09-18 | [Oil prices: Saudi Arabia pledges to restore production after drone attacks](https://feedsoft.ai/events/57237-oil-prices-saudi-arabia-pledges-to-restore-production-after-drone-attacks.md) | -2.2% | -9.4% |

## Sources

- reuters.com: https://www.reuters.com/article/business/saudi-arabia-pumps-record-amount-of-oil-as-trump-piles-on-pressure-idUSKCN1NV12K/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.