Saudi Arabia postpones the announcement of official oil prices due to the vague OPEC + agreement


Two informed sources said that the Saudi National Oil Company informed the buyers that it had postponed issuing the official selling prices for its raw materials for the month of April until after the meeting of OPEC and its allies.

The Organization of the Petroleum Exporting Countries is pushing for additional production cuts

By 1.5 million barrels per day until the end of the year.

OPEC hopes that non-OPEC producers will participate in five hundred thousand barrels per day of the total reduction, but the success of the agreement

Commentary on Russia’s approval, which is not confirmed at all.

If approved, the new agreement would mean increasing the total supply restrictions to 3.6 million barrels per day, equivalent to approximately 3.6 percent of global supplies.

Saudi Aramco usually announces its official price for the sale of crude on the 5th of every month.


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