Saudi Arabia plans to cut its crude oil exports in April to below 7 million barr...
DUBAI - Saudi Arabia plans to cut its crude oil exports in April to below 7 million barrels per day , while keeping its output “well below” 10 million bpd, a Saudi official said on Monday, as the kingdom seeks to drain a supply glut and support oil prices.
State-owned Saudi Aramco’s oil allocations for April are 635,000 bpd below customers’ nominations — requests made by refiners and clients for Saudi crude, the Saudi official said. “This will keep production well below 10 million bpd in April,” the official said, adding that this is also below the 10.311 million bpd that the kingdom has agreed as its production target under an OPEC-led supply cut agreement.
“Saudi Arabia is demonstrating extraordinary commitment to accelerating market rebalancing,” the Saudi official said, adding that the kingdom expects all other OPEC+ countries to show similar levels of contributions and high conformity.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
Saudi Aramco's board to meet to approve SABIC bond plan: sourcesSaudi Aramco's board is set to meet this week in Saudi Arabia where it will...
और पढो »
EU backs text rebuking Saudi Arabia at UN human rights forum - diplomatsAll 28 EU countries have signed a joint statement on Saudi Arabia to be read out at the UN Human Rights council. This is the first rebuke of the kingdom since a UN Forum was set up in 2006
और पढो »
Europeans, Canada, Australia issue first rebuke of Saudi Arabia at U.N. rights forumThree dozen countries, including all 28 EU members, called on Saudi Arabia on Th...
और पढो »
Saudi Arabia criticized over human rights by 36 countriesAt least 36 countries have signed an open letter criticizing Saudi Arabia's human rights record
और पढो »
Foreign leaders, including from Saudi Arabia and China, lavish Trump with $140,000 in giftsForeign leaders showered President Trump and his family with more than $140,000 in gifts during their first year in the White House, with China and Saudi Arabia among the most lavish givers.
और पढो »
For first time, U.N. Human Rights Council rebukes Saudi ArabiaIt's the first time the council has done so since it's establishment in 2006.
और पढो »
Analysis | The West’s rebuke of Saudi Arabia won’t change its courseThe Saudi crown prince has gone 'full gangster,' says a leading U.S. senator.
और पढो »