State-owned Saudi Aramco says this will let it ease pumping from older fields yet maintain a production capacity of more than 12 million barrels per day, 2 million barrels above its current rate. For Kuwait and the U.A.E., the goals are even higher. Kuwait plans to raise production capacity by 5 percent from 3 million barrels a day by the third quarter, and to reach 4 million barrels by 2020. Abu Dhabi means to lift production capacity to 3.5 million barrels a day by 2017 from about 3 million.
it seems as though eyes are still on the main page.. oil meeting discussing freeze. Saudi 1st mentioned it was fine if Iran doesnt join the freeze becuz they recently got back in business & want 2 up their shares. Lately Saudi said that it will not do a freeze unless Iran join.