Brian Wingfield and Julian Lee

Government, Business, Fuel

Saudi Oil Keeps Flooding Market With Output Pact Yet to Begin

An employee looks out over a facility in Saudi Aramco's oilfield in Shaybah, Saudi Arabia. An employee looks out over a facility in Saudi Aramco's oilfield in Shaybah, Saudi Arabia. (Simon Dawson/Bloomberg News)

Saudi Arabia and other Gulf suppliers may have agreed to cut oil production again starting next month, but by all indications the taps are set to remain wide open until then — swelling stockpiles for at least a few more weeks.

April 15, 2020