with Russia on Tuesday , with its state-owned company pledging to supply a record 12.3 million barrels a day next month , a massive production hikeMovement.up.gainto flood the market .
The output hikeMovement.up.gain-- more than 25 % upMovement.up.gainon the previous month -- puts Aramco -LRB- SE : 2222 -RRB- supply above its maximum sustainable capacity , indicating that the kingdom is even tapping its strategic inventories to dump as much crude , as quickly as possible , onto the market .