Riyadh – Mubasher: Saudi Arabia will keep oil exports below 7 million barrels per day (bpd) in March, despite the closure of SAMREF’s refinery, that produces 400,000 bpd, for maintenance, the Ministry of Energy, Industry and Mineral Resources said.

The oil-rich nation continues trimming oil stockpiles, Reuters reported, citing ministry’s spokesman as saying.

the instability of the oil market has stoked concerns of producers and consumers, the spokesman said, stressing that Saudi Arabia's commitment to addressing the market fluctuations and reducing their negative impacts.

Saudi Aramco’s production will decrease by 100,000 bpd in the third month of 2017, compared to February, the ministry concluded.