Saudi Arabia’s Aramco Halts Plans to Increase Crude Production Capacity Amid Uncertainty in Oil Demand
Aramco Pauses Plans to Increase Crude Production Capacity Saudi Arabia’s state-controlled Aramco announced on Tuesday that it is putting on hold its plans to raise its crude production capacity. The company had initially aimed to increase capacity from 12 million barrels per day to 13 million barrels per day. This decision comes amidst growing uncertainties…