Saudi Increase Oil Production To Store For Its Own Use "Market panics over report that Saudi Arabia increased its oil production in February."
"In actuality, Saudi's reported increase was due to storage stockpiling as its crude inventory sits at five-year lows."
"We believe the oil sell-off we are currently seeing is temporary, and we look to take advantage of the sell-off to add to quality E&P positions."
https://seekingalpha.com/article/4055095-saudi-increase-oil-production-store-use-oil-markets-daily?app=1&isDirectRoadblock=false