Svmuu News: According to foreign media reports, sources familiar with the matter say that Saudi Arabia has begun reducing oil production as the Strait of Hormuz is nearly blocked and storage facilities are rapidly filling up. Saudi Aramco, the state-owned oil company, declined to comment on the matter. Saudi Arabia’s daily oil production is approximately 10 million barrels, of which about 7 million barrels are exported. Saudi Aramco has redirected some crude shipments from the usual route through the Strait of Hormuz to the port of Yanbu on the Red Sea, but pipeline capacity is insufficient to fully replace the original export volume. Amena Bakr, a reporter for the Energy Intelligence Group, commented on the report, stating that it was inaccurate. She explained that the production cuts were occurring at oil fields that do not produce Arab Light crude and cannot export via the port of Yanbu. In reality, this represents a reallocation of supply rather than a production cut, and Saudi Aramco is also exporting from storage facilities outside Saudi Arabia. (Jin Shi)