"The shakeup in Saudi Arabia 's cabinet this weekend that brought Ali al-Naimi's 20-year tenure as oil minister to an end is another sign the kingdom is prepared to flex its muscles in the Middle East. They'll hit the 11-million-barrel-per-day mark come summer here. That's going to, I think, upset this market again. Saudi Arabia is likely to continue its policy of maintaining high crude production, which keeps oil prices from rebounding until high-cost producers like U.S. shale frackers curtail output."
There it is everyone, Saudi going to pump to 11 mil bbl a day by summer.