Saudi Gazette report

RIYADH — Saudi Arabia’s Ministry of Energy has confirmed that the Kingdom remained fully compliant with its voluntary OPEC+ production targets in June, with marketed crude oil supply averaging 9.352 million barrels per day.

The figure reflects complete alignment with the agreed quota, underscoring Saudi Arabia’s ongoing commitment to oil market stability.

Amid elevated geopolitical tensions, the Kingdom emphasized that it acted prudently and preemptively in managing its energy output.

The Ministry described Saudi Arabia’s role as that of a reliable, transparent, and dependable energy supplier, reinforcing the country’s efforts to enhance supply chain resilience and support global energy security.

Although crude production briefly exceeded marketed supply, the additional volumes were not sold either domestically or internationally. Instead, they were managed as part of a broader contingency strategy.

These volumes were directed toward building domestic inventories, improving east-west crude flow optimization, and repositioning barrels to offshore storage hubs under long-term delivery strategies designed to enhance flexibility and responsiveness.

The Ministry further stressed that all production and supply figures are reported to the OPEC Secretariat on a monthly basis with full transparency.

In addition, all eight OPEC-designated Secondary Sources were formally briefed at the start of the week regarding the June data, reaffirming the Kingdom’s commitment to transparency and cooperation within the OPEC+ framework.