Saudi Arabia will keep its crude exports below 7 million bpd in April as it stays committed to draw down excess global inventories and boost oil prices, according to the Saudi energy ministry. The Saudis plan to continue pumping below 10 million bpd next month, again overcomplying with their pledge to not exceed the ceiling of 10.058 million bpd , according to a statement by the energy ministry, as carried by Reuters. “Despite nominations coming in at 100,000 barrels a day, higher than the previous month, allocations were maintained on par with their March levels,” the ministry said. For March, Saudi Arabia had pledged to cut additional 100,000 bpd of its oil production and keep its exports below 7 million bpd in a bid to help clear the global oversupply and counteract the oil market volatility in February. The Saudi energy ministry said back in February that oil exports […]