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© Reuters. Judy: Saudi crude exports jump to 6.582 million bpd in January
(Reuters) – Saudi Arabia’s exports from Saudi Arabia increased in January for the seventh consecutive month, reaching their highest level since April 2020, the Joint Data Initiative website reported on Thursday.
Crude exports from the world’s largest exporter reached 6.582 million barrels per day in January, compared with 6.495 million barrels per day in December.
Total exports of crude and petroleum products rose to 7.75 million barrels per day in January, from 7.71 million barrels per day in the previous month.
Meanwhile, Saudi Arabia’s crude production rose to 9.103 million barrels per day in January, from 8.98 million barrels per day in December.
Saudi refinery (SE 🙂 crude consumption rose to 2.343 million barrels per day, while crude inventories declined to 137.207 million barrels in January.
Saudi Arabia, the largest producer in the OPEC + group which includes the Organization of the Petroleum Exporting Countries () and its allies, will implement a voluntary production cut of one million barrels per day in February, March and April of this year to support oil. prices.
Riyadh and other OPEC members provide monthly export figures to the Joint Data Initiative, which publishes them on its website.
(Media coverage by Brigish Patel and Sumita Lake in Bangalore; Prepared by Mahmoud Salama for the Arabic newsletter; Editing by Ahmed Elhami)
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