Saudi Arabia has kept its crude oil production steady in May, a sign that the world’s biggest oil exporter does not plan to flood the market to gain more market share.

Saudi Arabia’s crude oil production in May was 10.270 million barrels per day (mbpd), an industry source told Reuters. This compares with 10.262 million in April, according to Opec.

But crude supplied to the market in May was higher than production at 10.450 mbpd, the source said. Supply to the market, both domestically and for export, may differ from production depending on the movement of oil in and out of storage.

Saudi-based industry sources told Reuters in April that the kingdom’s oil output may edge up close to record highs during the hot summer months to meet domestic power demand but is unlikely to be pushed to the limit.

The sources said production would likely stay at 10.2-10.3 mbpd and could rise by some 200,000-300,000 bpd in the hot summer months to around 10.5 mbpd, if there was demand for it. The kingdom pumped 10.56 mbpd, a record, in June last year.

Riyadh effectively scuppered plans for a global production freeze aimed at stabilising oil markets in April. It said then that it would join the deal, which would also have involved non-Opec Russia, only if Iran agreed to freeze output.