![Saudi Arabia Increases Oil Output to Record High](http://townsquare.media/site/101/files/2019/06/GettyImages-505762352.jpg?w=630&h=420&zc=1&s=0&a=t&q=89&w=980&q=75)
Saudi Arabia Increases Oil Output to Record High
DUBAI, United Arab Emirates (AP) — Saudi Arabia’s state-run oil giant Saudi Aramco says it will increase its oil production to 12.3 million barrels a day in April, a record amount.
Tuesday's move makes good on the country's promise over the weekend to increase output, after Russia refused to cooperate on cutting production.
That breakdown in cooperation led to a 25% plunge in the price of crude on Monday.
It's the sharpest decline seen since the 1991 Gulf War.
In a filing made Tuesday, Aramco said that the increase in production represents a rise of 300,000 barrels per day.
The company said the increase would start on April 1.
![K2 Radio logo](https://townsquare.media/site/101/files/2022/02/attachment-512.jpg?w=100)
Enter your number to get our free mobile app
More From K2 Radio
![Gov. Gordon Urges Spending Caution After July Revenue Report](http://townsquare.media/site/99/files/2020/05/capitol-building-ar.jpg?w=980&q=75)
![Economic Analysis Division Releases Insights for Energy and Business](http://townsquare.media/site/101/files/2023/07/attachment-oil.jpg?w=980&q=75)
![Republican Governors Intensify Resistance to Sell Conservation Land Leases](http://townsquare.media/site/101/files/2023/06/soskullrim1_sm.jpg?w=980&q=75)
![Governor Gordon Optimistic About Wyoming’s Position as National Leader in Energy Production](http://townsquare.media/site/101/files/2023/05/attachment-nuclear.jpg?w=980&q=75)
![Family Victims of Child Porn Criminal Salas Urge Others to Speak Out](http://townsquare.media/site/101/files/2022/04/attachment-GettyImages-1192180372.jpg?w=980&q=75)
![Casper Man Sentenced to Life Imprisonment for Child Porn Crimes](http://townsquare.media/site/101/files/2022/08/attachment-GettyImages-113317235.jpg?w=980&q=75)
![Wyoming BLM Issues Notice for Oil & Gas Lease Sale](http://townsquare.media/site/101/files/2023/03/attachment-Untitled-design-2023-03-31T151054.152.jpg?w=980&q=75)
![Federal Judge Orders US to Resume Oil Lease Sales in North Dakota](http://townsquare.media/site/101/files/2022/07/attachment-gettyimages-1210853068-594x594.jpg?w=980&q=75)
![Cheyenne Man Pleads Guilty to Two Child Pornography Crimes](http://townsquare.media/site/101/files/2022/08/attachment-GettyImages-113317235.jpg?w=980&q=75)