Current：Home > NewsSaudi Arabia’s oil giant Aramco says it will not increase maximum daily production on state orders -WealthMindset
Saudi Arabia’s oil giant Aramco says it will not increase maximum daily production on state orders
View
Date：2025-04-17 19:21:50
DUBAI, United Arab Emirates (AP) — Saudi Arabia’s oil giant Saudi Aramco said Tuesday it will not try to increase its maximum daily oil production to 13 million barrels a day after receiving an order from the country’s Energy Ministry.
The firm, known formally as the Saudi Arabian Oil Co., said it would maintain its maximum output at 12 million barrels a day.
It did not give a reason for the decision. However, crude oil prices globally have fallen over recent months as demand has been soft.
Benchmark Brent crude traded Tuesday around $81 a barrel.
Aramco reported earning $161 billion last year, claiming the highest-ever recorded annual profit by a publicly listed company and drawing immediate criticism from activists worried about climate change.
veryGood！ (927)
Related
- Military service academies see drop in reported sexual assaults after alarming surge
- Where do things stand with the sexual assault case involving 2018 Canada world junior players?
- Dominican judge orders conditional release of US rapper Tekashi 6ix9ine in domestic violence case
- Herbert Coward, known for Toothless Man role in ‘Deliverance,’ dies in North Carolina highway crash
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- 'Hot droughts' are becoming more common in the arid West, new study finds
- National Guard officer deployed to southern border given reprimand after pleading guilty to assault
- Walgreens to pay $275,000 to settle allegations in Vermont about service during pandemic
- Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
- A bear was killed by a hunter months after it captivated a Michigan neighborhood
Ranking
- NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
- He killed 8 coyotes defending his sheep. Meet Casper, 'People's Choice Pup' winner.
- Jennifer Crumbley, on trial in son's school shooting, sobs at 'horrific' footage of rampage
- Delaware governor proposes 8% growth in state operating budget despite softening revenue projections
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- JN.1 takes over as the most prevalent COVID-19 variant. Here's what you need to know
- Bachelor Nation's Amanda Stanton Gives Birth to Baby No. 3
- Puerto Rico averts strike at biggest public health institution after reaching a deal with workers
Recommendation
Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
New coach Jim Harbaugh will have the Chargers in a Super Bowl sooner than you think
El Gringo — alleged drug lord suspected in murders of 3 journalists — captured in Ecuador
Russell Wilson gushes over wife Ciara and newborn daughter: 'The most beautiful view'
Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
Voting begins in tiny Tuvalu in election that reverberates from China to Australia
Remains found at a central Indiana estate are those of a man who has been missing since 1993
'Did you miss me?': Meghan McCain talks new show, leaving 'The View,' motherhood