Saudi Arabia will allocate 600,000 barrels per day (bbl/d) of its crude oil to be sold to US in April 2020, which is the highest amount during a year, a Saudi industry official familiar with the allocations to US refiners told Bloomberg.

Saudi Aramco had announced in March 2020 that it will supply its customers by 12.3 million barrels per day (mmbbl/d) to be increased by 300,000 barrels from the maximum capacity.

Saudi Arabia had exported 401,000 bbl/d of crude to US in January, according to the latest monthly data available from the US Energy Information Administration.

OPEC and OPEC+ agreed on April 12 to a record cut of 9.7 mmbbl/d in output to prop up oil prices that could curb global oil supply by 20%.