# Saudi crude output to fall to 9.8 million bpd in March: Falih - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com

> Saudi Energy Minister Khalid al-Falih told the Financial Times that Saudi Arabia plans to produce about 9.8 million bpd in March, more than 500,000 bpd below its pledged level. Exports would fall to 6.9 million bpd. The news lifted Brent by more than 2 percent to near $63.

- Date: 2019-02-12 · published 2019-02-12T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/60520-saudi-crude-output-to-fall-to-9-8-million-bpd-in-march-falih-energy-news-top
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A deeper voluntary Saudi cut tightens near-term crude supply, which supports energy costs and biofuel feedstock values.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2018-06-22 | [Oil jumps as OPEC agrees to modest output hikes - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/11572-oil-jumps-as-opec-agrees-to-modest-output-hikes-energy-news-top-headlines.md) | +5.6% | -1.0% |
| BRENT | 2019-01-11 | [Brent Crude Set for Longest-Ever Rally on OPEC, Economic Outlook - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/11167-brent-crude-set-for-longest-ever-rally-on-opec-economic-outlook-energy-news-top.md) | -0.9% | +0.4% |
| BRENT | 2019-09-09 | [Oil Rises as New Saudi Minister Signals OPEC+ Cuts to Continue - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/57248-oil-rises-as-new-saudi-minister-signals-opec-cuts-to-continue-energy-news-top.md) | -1.1% | -4.3% |
| BRENT | 2024-02-01 | [OPEC+ to Review Oil Cut Extension in March, Ministers Leave Policy Unchanged - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/31567-opec-to-review-oil-cut-extension-in-march-ministers-leave-policy-unchanged.md) | -2.6% | +1.9% |
| BRENT | 2019-08-08 | [Saudi Arabia plans to keep Aug-Sept oil exports below 7 mln bpd – official - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/57506-saudi-arabia-plans-to-keep-aug-sept-oil-exports-below-7-mln-bpd-official-energy.md) | +5.5% | +9.1% |
| WTI | 2018-06-22 | [Oil jumps as OPEC agrees to modest output hikes - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/11572-oil-jumps-as-opec-agrees-to-modest-output-hikes-energy-news-top-headlines.md) | +11.9% | +7.2% |
| WTI | 2019-01-11 | [Brent Crude Set for Longest-Ever Rally on OPEC, Economic Outlook - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/11167-brent-crude-set-for-longest-ever-rally-on-opec-economic-outlook-energy-news-top.md) | -1.1% | +0.4% |
| WTI | 2019-09-09 | [Oil Rises as New Saudi Minister Signals OPEC+ Cuts to Continue - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/57248-oil-rises-as-new-saudi-minister-signals-opec-cuts-to-continue-energy-news-top.md) | -3.0% | -6.5% |

## Sources

- energynow.com: https://energynow.com/2019/02/saudi-crude-output-to-fall-to-9-8-million-bpd-in-march-falih/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.