UPDATE 1-Saudi crude exports drop to eight-month low in February | Reuters
Saudi Arabia’s crude oil exports fell to their lowest in eight months in February, the Joint Organisations Data Initiative (JODI) said on Monday, as the world’s biggest oil exporter voluntarily capped output to support oil prices.
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.
Exports had risen for a seventh straight month, to their highest since April 2020, in January.
Crude output for February also dropped to its lowest since June last year at 8.147 million bpd, from 9.103 million bpd in January.
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