Saudi Arabia to increase oil supplies to 12.3 million barrels per day


Saudi Arabia's state-owned oil and gas company, Saudi Aramco, will increase oil supplies to 12.3 million barrels per day in April. This was stated by the executive director of the company al-Amin al-Nasser, reports Reuters. Read also: Saudi Arabia denies plans to wage a price war with Russia. As the head of the company said, it is about increasing supplies both for clients inside and outside the kingdom. It is noted that the supply of crude oil will be 300 thousand barrels per day higher than the maximum production capacity of the company. Also on the topic: Oil recovered by 18% after the collapse According to the news agency, earlier American agency Bloomberg with reference to sources reported that Saudi Arabia allegedly plans to increase oil production in April 2020 to 10 million barrels per day due to the collapse of the OPEC deal. According to journalists, Saudi Arabia's goal of rampant dumping in the oil market and putting maximum pressure on the Russian Federation to return to the OPEC negotiating table.

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