Saudi Aramco said it had received directions to boost output to 13 million barrels a day.
Photo: maxim shemetov/ReutersDUBAI—State oil giant Saudi Aramco said Wednesday it has received a directive from the kingdom’s energy ministry to up its output capacity to 13 million barrels a day, from 12 million barrels a day.
Aramco didn’t say when the capacity increase would take place.
The company had said Tuesday it would raise its crude supply to 12.3 million barrels per day in starting April 1, only days after it cut most of its official selling prices triggering Monday’s oil-price crash.
April’s crude supply will be 300,000 barrels a day over the company’s maximum sustained capacity of 12 million barrels a day.
On Wednesday, Brent, the international benchmark, was trading down 1.4% to $36.37 a barrel while the West Texas Intermediate was also down 1.7% to $33.8 a barrel.
Write to Summer Said at summer.said@wsj.com
Copyright ©2019 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
https://news.google.com/__i/rss/rd/articles/CBMiVmh0dHBzOi8vd3d3Lndzai5jb20vYXJ0aWNsZXMvc2F1ZGktYXJhYmlhLXRvLWJvb3N0LW9pbC1vdXRwdXQtZXZlbi1mdXJ0aGVyLTExNTgzOTExMDIy0gEA?oc=5
2020-03-11 07:52:56Z
52780654173862
Tidak ada komentar:
Posting Komentar