The Saudis themselves reported an even lower production number, at 10.288 million bpd, Saudi Arabia self-reported to OPEC that its crude oil production dropped by 200,500 bpd from the production it Saudi Arabia appears ready to increase oil production, putting more pressure on crude prices, after the collapse of a meeting on Friday between the Organization of Petroleum Exporting Countries and Saudi Arabia, the world's second-largest producer, this weekend said it will actually boost oil production instead of cutting it to stem falling prices, in a dramatic reversal in policy.