Saudi Arabia produced 9.744 million b/d of crude oil in January, in line with its promise to keep output 400,000 b/d below its new OPEC+ quota, a Saudi oil ministry source said Sunday. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The kingdom plans to produce 9.744 million b/d in February as well, the country’s energy minister Abdulaziz bin Salman told reporters last month. The kingdom produced 9.6 million b/d in December, according to its self-reported figures in OPEC’s January monthly oil report. Saudi Arabia over-complied with its quota of 10.31 million b/d last year under the old agreement with the 23-member OPEC/non-OPEC coalition, collectively known as OPEC+, as the country made up for laggards Iraq and Nigeria, which flouted their quotas for most of last year. The coalition deepened its production cuts to 1.7 million starting January 1, 2020 from 1.2 million […]