Svmuu News: According to Reuters, two sources said that Saudi Arabia, the world’s largest oil exporter, has cut its oil production by about 2 million barrels per day to approximately 8 million barrels per day after shutting down part of the output at two major offshore oil fields. The sources said that although Saudi Arabia is diverting more crude oil to the port of Yanbu on the Red Sea coast to avoid the Strait of Hormuz, production has fallen to about 8 million barrels per day following the shutdown of the Safaniya and Zuluf offshore oil fields. Another source stated that Saudi production has fallen below 8 million bpd. These two offshore fields primarily produce heavy and medium-heavy crude, accounting for over 2 million bpd, while the pipeline to Yanbu mainly transports light crude. A drop to 8 million bpd would represent a significant decline from February. In February, Saudi Arabia supplied 10.111 million barrels per day to the market, with production at 10.882 million barrels per day. Sources said at the time that the February production increase was part of a contingency plan devised in response to the possibility of U.S. strikes against Iran disrupting Middle Eastern supplies.