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In an interview with the Financial Times (FT), the Saudi Arabian Energy Minister Khalid Al-Falih noted the OPECs no. 1 oil exporter will reduce oil production to near 9.8mln bpd in March.

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.