Saudi Aramco likely to sustain higher April oil output through May: CEO

Topics Aramco | Saudi Aramco | Saudi Arabia


Saudi Aramco said on Monday it was likely to sustain higher oil output planned for April through into May, and that it was "very comfortable" with a price of $30 a barrel. Aramco said last week it would be raising its output in April to a record 12.

3 million barrels per day in a fight for market share with Russia that has helped to hammer global oil prices. "In a nutshell, Saudi Aramco can sustain the very low price and can sustain it for a long time," Chief Executive Amin Nasser said on Monday during a full-year.

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