Aramco maintains its production capacity at 12 million barrels per day. Aramco did not announce the reason for the directive issued by the Saudi Ministry of Energy.
This will be a factor in raising oil prices, when risks arise that may affect global crude supplies. Brent crude futures fell 0.34% to $81.56 per barrel by 12:18 GMT, after they had risen slightly in early trading. No change in trends, Reuters quoted an informed source as saying that this step in no way reflects a change in views regarding future oil demand scenarios.