Saudi Arabia Pledges to Expand Oil Output Capacity

Saudi producer to raise capacity to 13 million barrels a day
Aramco said it will flood market with 12.3 million in April

Fuel Prices At Sahel Gas Station In Saudi Arabia — Photographer: Simon Dawson/Bloomberg

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By Verity Ratcliffe, Anthony Di Paola, and Matthew Martin

March 11, 2020 at 6:57 AM UTC

Updated on

March 11, 2020 at 10:10 AM UTC

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Saudi Arabia ordered state-run oil producer Aramco to boost the kingdom’s output capacity by 1 million barrels a day, the latest escalation in a battle for control of the global petroleum market.