Tawasul
Mubasher TV
Contact Us Advertising   العربية

Saudi Arabia to raise oil output to over 10m bpd in April – Reuters

Saudi Arabia to raise oil output to over 10m bpd in April – Reuters
Saudi Arabia plans to increase its crude oil output

Riyadh – Mubasher: Saudi Arabia, the world’s largest oil exporter, seeks to increase its crude oil output to more than 10 million barrels per day (bpd), probably near 11 million bpd, in April 2020, according to Reuters.

This plan followed the failure of OPEC’s oil supply cut agreement with Russia on Friday.

Meanwhile, Aramco will step up its crude oil production after the end of OPEC+’s deal to cut oil production in March, Reuters added.

It is noteworthy to mention that Saudi oil giant Aramco has decreased its official selling price (OSP) of all its crude grades to all destinations for April following the collapse of OPEC’s oil output cut deal with Russia.