Saudi Arabia drew again on its crude stockpiles in February, while exports fell, reflecting the impact of its voluntary 1 million b/d production cut in addition to its OPEC+ production quota, figures from the Joint Organizations Data Initiative showed. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The kingdom exported 5.63 million b/d in February, according to JODI data released April 19, down 957,000 b/d from January. February saw the breaking of a seven-month run of increase that shipments since a long-term low of 4.98 million b/d in June when stringent OPEC+ production caps were in effect. It was the highest since April 2020. Those cuts are being gradually tapered, though Saudi Arabia had pledged […]