News Formal

Saudi Arabia to hike oil output above 10 million bpd in April after OPEC+ deal collapse

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 92%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Saudi Arabia to hike oil output above 10 million bpd in April after OPEC+ deal collapse GlobeBusiness

Story continues below advertisement

Aramco should maximize its output and sell more crude to protect its market share, the sources said, speaking on condition of anonymity due to the sensitivity of the matter. OPEC+ has been effectively cutting production by 2.1 million bpd, as Saudi Arabia has been reducing its own output by more than agreed.Story continues below advertisement

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

globebusiness

globebusiness Too bad Canada's sitting on all that oil but PM Justin Neverready JustinTrudeau would rather import over 60% from the Saudis.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

LIVE UPDATES: Oil plummets 10% on OPEC stalemate, market plunge deepensCheck here for live updates on the coronavirus’s impact on markets and business
Source: nationalpost - 🏆 10. / 80 Read more »