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Saudi Arabia’s Aramco halts plans to increase maximum crude production capacity

Robert Frost by Robert Frost
January 30, 2024
in Industries
Saudi Arabia’s Aramco halts plans to increase maximum crude production capacity
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Rafael Henrique/SOPA Images/LightRocket via Getty Images

Saudi Arabia’s state-controlled Aramco on Tuesday announced it is shelving plans to raise its crude production capacity from 12 million barrels per day to 13 million barrels per day, amid broader market questions over the future of oil demand.

This is a breaking news story, and it is being updated.

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