Saudi oil giant Aramco’s reduction of its maximum sustainable capacity has nothing to do with technical issues advancing the programme and the company is ready to resume plans again if asked to do so, a source with knowledge of the matter said.

Saudi Aramco 2222.SE on Tuesday said it wasasked by the energy ministry to cut its planned maximum sustainable production capacity to 12 million barrels a day, after almost four years ago lifting the target to13 mbpd.

The source also said that the move in no way reflected a change of views on future oil demand scenarios.
Source: Reuters (Reporting by Maha El Dahan; Writing by Yousef Saba; Editing by Louise Heavens)