In an interview with reporters, Saudi Minister of Energy, Industry and Mines Falkh said that Saudi Arabia intends to further reduce production in March in order to balance the global oil supply and demand relationship. Fallich said Saudi oil production in March was 9.8 million barrels per day, more than 500,000 barrels lower than the promised output reduction agreement of OPEC. Saudi oil exports in March are expected to be 6.9 million barrels a day. Brent crude oil rose 2% to nearly $63 that day. Fallich also said that if the United States introduced anti-monopoly legislation against OPEC, it would damage the global economy.