This from earlier this week ICYMI. Info comes via Oil Price website, more at the link.
Saudi Arabia, the world’s top crude oil exporter, will not have additional capacity to increase production above the 13 million barrels per day (bpd) it has pledged to have by 2027, Saudi Crown Prince Mohammed bin Salman told the leaders of the United States, the Gulf Cooperation Council (GCC) states, Jordan, Egypt, and Iraq at a summit this weekend.
“The Kingdom ... announced an increase in its production capacity to 13 million barrels per day, after which the Kingdom will not have any additional capacity to increase production,” he added, as carried by the Saudi Press Agency.
The Saudi production limit capacity had not been made publicly available prior to this.
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Oil update (ps, the gap you see is the futures roll)
