Saudi Arabia raises oil production above maximum capacity from April Visits : 130

Saudi Arabia raises oil production above maximum capacity from April

The Saudi oil giant Aramco said that it will supply its customers in various markets with 12.3 million barrels per day as of the beginning of next April.

Aramco said, in a statement to the Saudi stock market, "Tadawul", that this amount of 12.3 million barrels per day, constitutes an increase of about 300 thousand barrels per day from the maximum sustainable capacity of 12 million barrels per day.

“Aramco” stated that it was agreed with its customers to provide them with these quantities as of the beginning of April.