A gas flame is seen in the desert near the Khurais oilfield, about 160 km (99 miles) from Riyadh, Saudi Arabia June 23, 2008. Saudi Arabia’s crude oil production slipped in August to 10.63 million barrels per day (bpd), industry sources said on Thursday, as the OPEC heavyweight leads a drive to revive a global oil output freeze initiative. Saudi Arabia pumped 10.67 million bpd of crude in July, the highest level in its history, on higher domestic demand in the summer and more exports. Saudi Arabian energy minister will meet with his Algerian counterpart and OPEC’s secretary-general in Paris on Friday as part of moves towards a global deal on stabilizing crude output to support oil prices, an Algerian official and OPEC sources told Reuters on Thursday. A source at the Organization of the Petroleum Exporting Countries confirmed the meeting as part of a push for an output […]