The Saudi Minister of Energy said that Saudi oil exports will be less than 7 million barrels per day during the months of March and April of this year.

Khaled al-Falih indicated that April exports will be about 100,000 barrels per day less than the March 2019 level.

Al-Falih added that there is an increase in oil stocks despite the decline in production from Iran and Venezuela and that the rate of compliance with the OPEC agreement in the current March will be more than 100%.

He stated that Saudi oil production will not continue indefinitely to offset the supplies of other producers.

He pointed out that the mission of OPEC and its allies has not been completed yet, adding that the group of oil producers need to stay on the path, at least until June, when the current global agreement to reduce supplies ends. .

Al-Falih added, "We will continue to set an example and we will do what we have to do."

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