Saudi Aramco to raise output capacity to 12.3 million b/d by 2025

Saudi Aramco plans to raise its sustainable production capacity to 12.3 million b/d by 2025 as the world’s largest oil-exporting company accelerates plans to bring additional output to market to meet the needs of global consumers, its chief executive told reporters during an earnings call Aug. 14. “It is going come gradually in 2024. I mean limited increase but in…