Overview
- Saudi Arabia pumped 10.882 million barrels per day in February, up from 10.10 million in January, according to OPEC.
- OPEC+ production averaged 42.72 million bpd in February, a month‑on‑month increase of 445,000 bpd.
- Sources said Riyadh lifted output as a contingency in case U.S. and Israeli strikes on Iran disrupted regional oil flows.
- Despite producing above target, Saudi supply to the market stayed close to its OPEC+ quota, OPEC reported.
- The group held its 2026 demand‑growth forecast at 1.38 million bpd, and analysts noted the outlook remains higher than the IEA’s.