Saudi Aramco to reduce refinery runs in April, May to boost oil exports

Saudi Aramco will continue reducing operations at its local refineries in April and May to boost the state energy company’s potential to export crude oil, a company official said.

Saudi Arabia, the world’s top oil exporter, said on Wednesday it had directed Aramco to keep supplying crude at a record rate of 12.3 million barrels per day (bpd) in coming months and that exports were set to top 10 million bpd from May.

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