Saudi Aramco announced that it will provide its customers with 8.5 million barrel per day (mmbbl/d) of crude oil starting from May 2020, according to a statement issued by the company.

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%.

It is worth noting that the company had announced in March 2020 to supply its customers by 12.3 mmbbl/d to be increased by 300,000 barrels from the maximum capacity.