4/1, 12:07 PM (Source: TeleTrader)
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Saudi Aramco's oil output tops targeted 12M bpd

Saudi Aramco's crude oil production surpassed the targeted 12 million barrels per day on Wednesday, Bloomberg reported, two weeks after Saudi Energy Ministry reportedly instructed the national petroleum to significantly increase the output.

Meanwhile, United States President Donald Trump agreed with his Russian counterpart Vladimir Putin that discussions between the two countries about the oil prices will continue at a ministerial level.

West Texas Intermediate for May settlement dropped 0.98% to $20.28 per barrel at 6:05 am ET, while Brent for delivery in the same month concurrently declined 4.63% to $25.11 a barrel.

Breaking the News / ND