Saudi Aramco’s Spare Oil Production Capacity Is Now 3 Million Bpd

The spare oil production capacity of the world’s largest crude exporter, Saudi Aramco, currently stands at 3 million barrels per day (bpd), the chief executive of the Saudi oil giant said on Tuesday. Saudi Aramco can raise its oil production “in a couple of weeks” if necessary, the company’s CEO Amin Nasser said during the Energy Intelligence Forum in London, as carried by Reuters. The spare oil production capacity of the world’s largest oil firm has increased in recent months as Saudi Arabia is cutting crude output…