Saudi Arabia to increase oil output above 10m bpd in April after OPEC+ deal collapse

  • 3/9/2020
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The supply cut agreement with Russia is due to expire in March, there is no new deal DUBAI: Saudi Arabia, the world’s top oil exporter, plans to raise its crude oil production significantly above 10 million barrels per day (bpd) in April, after the end of the OPEC supply cut agreement with Russia, two sources told Reuters on Sunday. OPINION Cornelia Meyer Why OPEC’s obituaries are premature READ ARTICLE Saudi Energy Minister Prince Abdulaziz bin Salman visited state oil giant Aramco on Saturday and asked the company to boost its crude output after the current OPEC+ cut deal expires at the end of March, the sources said.

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