Saudi Arabia predicts oil export reduction

Saudi Arabia, the world's largest oil exporter, is preparing to reduce the commercialization of oil in February by complying with the global agreement that aims to avoid the accumulation of product offerings.

According to Energy Minister Khalid al-Faith, there will only be exports of 7.1 million barrels per day in February, highlighting that it is a production below the month of January that totaled 7.2 million bpd. Currently, the country is producing 10.2 million oil based on the previous proposal to cut production more than required through the agreement between the Organization of Petroleum Exporting Countries (OPEC) and its allies.

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