#OilPriceWar: ARAMCO'S OIL DELIVERIES UP
PLATTS - 01 Apr 2020 - Released from its OPEC obligations to rein in production, Saudi state-run oil giant Aramco said Wednesday it was filling 15 tankers with more than 18.8 million barrels of crude — its most ever in one day as it ratchets up its price war with erstwhile ally Russia.
But plummeting demand, tightening storage availability and shrinking refinery margins with much of the world on coronavirus lockdowns could leave some of those cargoes struggling to find buyers, according to market sources, who say Aramco will have to slash its selling prices further to unload all of its crude.
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