OPEC kingpin Saudi Arabia announced on January 10, 2019 that it has decided to slash its oil exports in January by 10 per cent in comparison to November. Saudi energy minister Khalid al-Falih said the kingdom, the world’s top crude supplier, would cut its exports to 7.2 million barrels per day (bpd) in January, down from 8.0 million bpd in November. He also announced a further 100,000 bpd cut in February.