Saudi Aramco will raise its crude supply, which includes oil to its customers inside the Kingdom and abroad, to 12.3 million barrels per day (bpd) in April, CEO Amin Nasser said on Tuesday.
April's crude supply will be "300,000 barrels per day over the company’s maximum sustained capacity of 12 million bpd," Nasser said in a statement received by Reuters.
The company has agreed with its customers to provide those volumes starting April 1, he added.
“The company expects that this will have a positive, long-term financial effect,” said the statement.
Supply to the market from production may differ depending on the movement of barrels in and out of storage.
