Saudi Arabia’s January crude oil exports grew by 59,000 barrels per day to 6.996 million bpd, according to data issued by the Joint Organisations Data Initiative, also known as JODI.
JODI statistics revealed that in January the Kingdom’s exports of crude oil rose by 0.9 percent from 6.937 million bpd in December.
January exports figure is the highest since April 2020 when it marked an all-time spike in exports to 10.237 million bpd but still lower compared to the 2020 daily average of 7.037 million bpd.
Crude oil production grew by 123,000 bpd in the month to 10.145 million bpd.—AN
