Saudi Arabia plans to boost oil exports to 10.6 million barrels per day from May

Saudi Arabia plans to boost its oil exports to 10.6 million barrels per day from May because the country is burning less oil for power generation and there is also lower domestic consumption, a Saudi energy ministry official said on Monday. The world’s top oil exporter has already made plans to boost its crude supply and exports sharply after the collapse earlier this month of a three-year deal between the Organisation of the Petroleum Exporting Countries and other producers, led by...