With China grabbing more Saudi crude, flows to India, Japan and South Korea also appear to have declined last month
The Organization of the Petroleum Exporting Countries (OPEC) agreed on Monday to extend oil supply cuts until March 2020
The OPEC cartel and its oil-producer nation allies opted in December to trim daily crude output by 1.2 million barrels
US showed a crude supply adjustment factor -- the difference between reported stockpiles and those implied by production, refinery demand, imports and exports -- of more than 800,000 barrels a day
OPEC's crude oil output has slumped from a mid-2018 peak of 32.8 million barrels per day (bpd) to 30.7 million bpd in February
The rush to refine during what's normally a fallow period for the industry is a response to the introduction in January in 2020 of rules to cut sulfur emissions from the shipping industry