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rss 05-13-2015 12:40 AM

Saudi Arabia's April crude output hits record high
 
* Asian, domestic demand supports rise * Supply to market ran at 10.36 million bpd (Adds details, background) By Rania El Gamal DUBAI, May 12 (Reuters) - Top global oil exporter Saudi Arabia raised its crude production in April to a record high, feeding its flourishing Asian market share and its own power plants and refineries. The world's top oil exporter pumped 10.308 million barrels of oil per day in April, a Gulf industry source told Reuters on Tuesday, compared to 10.29 million bpd in March. The increase underlined Saudi Arabia's determination **t to cede market share to higher-cost producers, such as U.S. shale drillers.

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