Saudis to raise oil production unilaterally
Saudi Arabia will increase its oil production to 10 million b/d in an effort to meet rising global demand, especially in China, where imports rose by 876,000 b/d in May over last year.
They decided to boost production in July from 9.3 mbpd, with most of the additional output going to China and other growing Asian economies.
http://www.ogj.com/index/article-display/9739162579/articles/oil-gas-journal/drilling-production-2/20100/june-2011/report_-saudis_to.html