Saudi Arabia’s oil production has been at a record high this month—at between 11.1 million bpd and 11.3 million bpd in some days in November, an industry source familiar with the output told Reuters on Monday, but whether the Saudis pumped an all-time average monthly high will be known once November ends. While the Kingdom has been pumping in record amounts, U.S. President Donald Trump had been using Twitter this month first to express hope that Saudi Arabia and OPEC won’t cut production to prop up oil prices, then to thank Saudi Arabia for the lower oil prices, and most recently, to thank himself for the falling oil prices in a tweet on Sunday. The Saudis, together with the leader of the non-OPEC nations part of the production cut deal—Russia, started to increase oil production in June to offset what the market expected to be a drop-off of Iranian […]