Energy News

Saudi Arabia to increase oil production to 13 million barrels per day

by APA

Saudi Arabia’s Crown Prince Mohammed bin Salman (MbS) stated on Saturday, during the summit in Jeddah, that the country will aim to up its oil production by almost 3 million barrels per day to 13 million, APA reports citing Reuters.

The crown prince added that after the output is boosted to this level, Saudi Arabia will not be able to go over that amount. Currently, Riyadh is putting out a bit over 10 million barrels per day.

Previously, Mohammed bin Salman underlined that “unrealistic” energy policies will only worsen the future of the global economy and exacerbate inflation.

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