Saudi Arabia’s crude oil supply rose on Wednesday to more than 12 million barrels per day, two oil industry sources said.
A global oil supply cut pact expired on Tuesday, lifting restrictions on output by OPEC members, Russia and other producers.
Saudi Arabia had said that oil exports will be about 10 million bpd, but it gave no indications on how much crude would go into storage amid global demand destruction due to the spread of the coronavirus epidemic.
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Saudi Aramco tells firms to get ready for 12 mln bpd oil output hike: Source
Saudi Aramco has asked key energy service companies to support the state oil giant’s plans to produce at its maximum oil output capacity of 12 million ... Energy -
Aramco - The Other Side
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Aramco to reduce local refinery operations to boost oil exports: Official
Saudi Aramco will continue reducing operations at its local refineries in April and May to boost the state energy company’s potential to export crude ... Energy