Saudi Aramco has not yet embarked on work to expand its maximum sustained capacity to 13 million b/d from 12 million b/d, according to comments it made in a bond prospectus, seen by S&P Global Platts on June 9. "Saudi Aramco is proceeding with engineering evaluations and assessing its options for implementing the government's directive to increase MSC," the prospectus said. During the grandstanding between Saudi Arabia and Russia that culminated in the collapse of the OPEC+ production cut negotiations in March 2020, followed by a short-lived oil price war, the Saudi Ministry of Energy said it would increase its ... (full story)