Saudi National Petroleum Corporation-Saudi Aramco said in a statement issued on the Riyadh Stock Exchange in the morning on Friday (April 17) local time that it will supply 8.5 million barrels per day from May 1 Crude oil, which includes domestic customers and exports abroad.


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Saudi Aramco during the price war in the crude oil market The oil company said on March 15 that it will gradually increase the supply of crude oil to 12.3 million barrels per day, but in the early hours of this month on the 13th of Beijing time, some oil-producing countries including Saudi Arabia and Russia reached an agreement within the OPEC + framework. After the production cut agreement, Saudi Arabia said it would strictly abide by the production cut share specified in the agreement.

(Originally entitled “Saudi Aramco announced that it will reduce crude oil supply from May 1”)