Saudi production is said by industry experts to have increased to 5.7 million barrels a day, from around 4.3 million a month ago.

Nevertheless, at the current price of about $30 a barrel, this additional Saudi production has meant another $60 million a day in revenue.

They argued that Saudi production should come down far more substantially.

Indonesia had some oil of its own, but it was still reliant on Saudi production.

These sources expect Saudi production in the next two months to increase by 300,000 barrels a day.

That would constitute the lowest Saudi production since mid-1985.

Afterward, Saudi production fell dramatically, dropping in 1986 to a low of about three million barrels.

November 5: Reports of increasing Saudi production and lower world demand.

Over the last two years, Saudi production has increased to 8.5 million barrels a day from 5 million.

But if Saudi production falls short, industry experts say the consequences could be significant.