17.04.2020, 10:04
Saudi Aramco Will Supply 8.5 Million Barrels of Oil per Day to the Market
Source: OREANDA-NEWS
OREANDA-NEWS. Saudi Oil Corporation Saudi Aramco from May 1, 2020 will supply customers with oil in the amount of 8.5 million barrels per day. This is stated in the message of the company, placed on the Saudi Tadawul exchange.
"Saudi Aramco announces that it will supply its customers 8.5 million barrels of crude oil per day starting May 1", the report said. The OPEC+ countries at an emergency meeting on April 12 were able to finalize a deal to reduce production in May - June. The final quota for reducing production over two months will not be 10 million barrels per day (b/d), but 9.7 million b/d, since Mexico has assumed a lower than expected quota.
Russia and Saudi Arabia, under the terms of the agreements, will reduce oil production by equal shares - 2.5 million bpd from the base level of 11 million bpd.
"Saudi Aramco announces that it will supply its customers 8.5 million barrels of crude oil per day starting May 1", the report said. The OPEC+ countries at an emergency meeting on April 12 were able to finalize a deal to reduce production in May - June. The final quota for reducing production over two months will not be 10 million barrels per day (b/d), but 9.7 million b/d, since Mexico has assumed a lower than expected quota.
Russia and Saudi Arabia, under the terms of the agreements, will reduce oil production by equal shares - 2.5 million bpd from the base level of 11 million bpd.
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