Saudi crude exports hit 21-month high in January – JODI

FILE PHOTO: Flames are seen at Saudi Aramco’s Shaybah oilfield production site in the Empty Quarter, Saudi Arabia May 22, 2018. REUTERS/Ahmed Jadallah

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March 18 (Reuters) – Saudi Arabia‘s crude oil exports in January reached 6.996 million barrels per day (bpd), the highest level since April 2020, official data showed on Friday.

Crude oil exports in January rose 0.9% from the 6.937 million bpd reported for December, the data showed.

Crude output from the world’s biggest oil exporter rose 0.123 million bpd month-over-month to 10.145 million bpd in January, also the highest since April 2020.

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Monthly export figures are provided by Riyadh and other members of the Organization of the Petroleum Exporting Countries (OPEC) to the Joint Organizations Data Initiative (JODI), which has published them on its website.

Saudi Arabia, along with OPEC, is trying to steadily increase production each month as global demand for oil surges following a recovery from the COVID-19 pandemic.

Saudi Arabia’s domestic crude refining throughput rose 0.083 million bpd to 2.777 million bpd in January, while direct crude consumption rose 84,000 bpd to 402,000 bpd.

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Reporting by Brijesh Patel in Bengaluru; edited by Jason Neely, Kirsten Donovan

Our standards: The Thomson Reuters Trust Principles.

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