<ul data-eligibleForWebStory="false"><li>Saudi Arabia, along with other OPEC+ members, exceeded its crude production quota last month amidst global oil market surplus and geopolitical tensions.</li><li>The International Energy Agency reported that Saudi Arabia raised crude output by about 700,000 barrels a day to 9.8 million barrels a day, with a significant portion being exported.</li><li>Other countries like Iraq, Kuwait, and the United Arab Emirates also surpassed their OPEC quotas, while Iran saw a decline in production.</li><li>Despite the surplus and slower global oil demand growth, oil prices remain under pressure, with futures trading around $69 a barrel.</li></ul>

Saudis Lift Oil Output Above Quota in Rare OPEC+ Breach

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