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Saudi Arabia announces an increase in oil supplies during the month of April

The CEO of Saudi Aramco, Amin Al-Nasser, announced that the company will raise its oil supplies, to its customers inside and outside the Kingdom, to 12.3 million barrels per day in April.

Al-Nasser said, today, Tuesday that the crude supply will increase 300 thousand barrels per day from the company’s maximum production capacity of 12 million barrels per day.

Al-Nasser added that the company agreed with the customers to provide these quantities as of the beginning of next April.

Oil prices have risen about 8% today to recover from the loss recorded on Monday, as prices fell, recording the worst daily performance in nearly 30 years.