Saudi Arabia is set to sell about 600,000 bbl/d of crude oil to the United States in April, which will be the highest volume in a year, Bloomberg reported on April 17, citing a Saudi industry official familiar with allocations to U.S. refiners.
The report comes as crude prices have plummeted since global demand collapsed on the coronavirus outbreak while Saudi Arabia and Russia produced oil flat out in race for market share.
Global oil producers recently came to an agreement to reduce oil output by a record 20 MMbbl/d.
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