NEWS： Saudi Arabia's crude oil export volume will further decrease in February
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The world's largest oil exporter, Saudi Arabia plans in February this year to further reduce oil exports. At present, the country is carrying out a cut oil production to prevent oil supply to increase global agreement.
Saudi energy, industrial and Mineral Resources Minister Falih Wednesday in Riyadh news release said that in February the country's crude oil exports to 7 million 100 thousand barrels per day, less than 7 million 200 thousand barrels per day in January.
He also said that the country's crude oil production of 10 million 200 thousand barrels per day, it made earlier promises that further cuts, cuts over the organization of Petroleum Exporting Countries (OPEC) reached between Russia and other allies of limited supply agreement requirements.
Saudi Arabia's goal in January 1st is to cut the entry into force of the agreement will output to 10 million 311 thousand barrels.
Falih and said that he believed that, barring unforeseen circumstances, or the organization of Petroleum Exporting Countries (OPEC) and its allies to take action to limit production, will make the oil market supply and demand balance recovery.
Falih said, do not rule out future calls for OPEC and its allies to take the possibility of further action, and added that the market looks better than a few weeks ago.
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