Khaberni - "Reuters" has announced, quoting sources, that Saudi Arabia has cut oil production by 2.8 million barrels, a 26% reduction, to reach 8 million barrels per day.
The agency wrote: "The world’s major oil exporter, Saudi Arabia, has cut oil production by about 2 million barrels per day to reach a level of around 8 million barrels per day, after reducing production volumes in two major offshore fields.".
"Reuters" confirms that the reduction of oil production by Saudi Arabia to 8 million barrels per day represents a significant decrease compared to February when the country was supplying the market with 10.111 million barrels per day and producing 10.882 million barrels per day. The agency believes that the increase in production in February was part of an emergency plan in case any strikes by the USA on Iran would disrupt the Middle East supply chain.
Representatives of the Saudi government national oil company Aramco declined to comment to "Reuters".
It should be noted that the United States and Israel began launching strikes on targets in Iranian territory on February 28, including Tehran, with reports of destruction and civilian casualties. Iran is carrying out retaliatory strikes on Israeli territory, as well as on US military facilities in the Middle East region.
As a result of these events, navigation was nearly completely halted through the Strait of Hormuz, which connects the Gulf with the Arabian Sea and the Indian Ocean. This strait is a main route for supplies of oil and liquefied natural gas to global markets from Gulf countries, accounting for about 20% of global supplies of oil and oil products and liquefied natural gas.
