In an interview with the Financial Times (FT), the Saudi Arabian Energy Minister Khalid Al-Falih noted the OPEC's no. 1 oil exporter will reduce oil production to near 9.8mln bpd in March.
Saudi crude production in March would be 500,000 bpd below its target under OPEC+ supply cut deal.
Saudi crude exports will fall in March to near 6.9 million bpd.
Plans to develop international energy exploration and production business; seeks to curb reliance on hydrocarbons.
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