Tuesday, 20 April, 2021 - 10:15
Oil prices hover near $65 a barrel (Reuters) London- Asharq Al-Awsat
Saudi Arabia’s crude oil exports fell to their lowest in eight months in February, the Joint Organizations Data Initiative (JODI) said on Monday.
Crude exports fell to 5.625 million barrels per day (bpd), their lowest since June 2020 in February, from 6.582 million bpd in the prior month.
Monthly export figures are provided by Riyadh and other OPEC members to JODI, which publishes them on its website.
Saudi Arabia, the de facto leader of the Organization of the Petroleum Exporting Countries (OPEC) and allies, voluntarily cut output by one million bpd in February, March, and April as part of a deal with OPEC+ producers after new virus variants cast doubts over fuel demand.
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