Saudi Arabia Said to Raise February Oil Output From 20-Month Low
This article is for subscribers only.
Saudi Arabia raised crude production in February to 9.15 million barrels a day, an increase of 100,000 barrels daily from the previous month, an official with knowledge of the country’s oil policy said.
The world’s largest crude exporter supplied 9.16 million barrels a day to the market compared with 9.26 million in January, the Persian Gulf official said, asking not to be identified because the information is confidential. Crude delivered from storage accounted for the 10,000 barrel-a-day excess of supply over production in February, the official said.