Saudi Arabia Keeps Oil Supply at 12.3 mln bpd

Saudi Arabia's Energy Ministry said on Wednesday it had directed national oil company Saudi Aramco to keep supplying crude oil at a record rate of 12.3 million barrels per day (bpd) over the coming months. The world's top oil exporter has said it would boost crude supply in April, and oil exports are set to top 10 million bpd from May, another record high. On Monday, Aramco said it would likely sustain higher oil output planned for April in May, and that it was "very comfortable" with $30 a barrel. “In a nutshell, Saudi Aramco can sustain the very low price and can sustain it for a lo

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