
The highest previous record was registered in 1980, at 10.285 million bpd, according to the US Energy Information Administration.
Naimi expected the kingdom’s production to continue at around 10 million bpd and also expected crude prices to improve.
He also said Saudi Arabia, OPEC kingpin and the world’s top crude exporter, was prepared to help improve oil prices but needed cooperation from major OPEC and non-OPEC producers.