17 Apr 2020
Saudi Aramco: Will Provide customers with 8.5 mln bpd of oil starting May 1
Saudi Arabian state-oil giant, Aramco announced on Friday, it will provide its customers with 8.5 million barrels per day (bpd) of crude oil starting May 1st.
No further details are offered, thus far.
Market reaction
Both crude benchmarks are trading mixed, with the WTI heading back towards the 18-year low, down 2% on the day. Meanwhile, Brent rallies 2% to 23.40.