ARAMCO WILL PROVIDE SAUDI ARABIA WITH 12.3 MILLION BPD

Highlights: 

• Saudi Arabia will procure more oil from Aramco 
• Aramco will overshoot its production capacity to meet the oil demand 

The ugly fallout between Saudi Arabia and Russia seems to be turning nasty. With Saudi Arabia promising to increase the production of oil and selling it at cheaper rates, the Saudi Energy ministry has asked Aramco to help it out with increased production....