Article Image
IPFS News Link • Saudi Arabia

Oil Drops After Saudis Say Ready To Pump Additional 550K Barrels


One week after President Trump tweeted his latest demand for OPEC to cut oil prices (presumably by boosting production), Saudi Arabia is reportedly considering doing just that.

CNBC CNBC reported early Monday that Saudi Arabia would be willing to pump as many as 550,000 additional barrels of oil per day if demand merits it. Of those, 250k would come from the Kurais field and 300,000 from resumed capacity from its pipeline at Manifa.

Read Full Story