Saudi Arabia’s oil exports fall below 7 million Bpd in February

Saudi Arabia slashed its oil exports for third straight month in February, a sign the Kingdom is keeping its pledge to reduce supplies to the market as agreed in the OPEC+ output cut deal. 

Saudi oil exports stood at 6.977 million barrels per day (Bpd) in February, following exports of 7.254 million Bpd in January and 7.687 million Bpd in December, according to the data published by the Joint Organisations Data Initiative (JODI) database.