RIYADH — Saudi Arabia’s crude oil exports amounted to six.012 million barrels per day (bpd) throughout July 2023, down from 6.804 million bpd within the earlier month of June, in line with the newest figures launched by the Joint Organizations Information Initiative (JODI).
The information confirmed that Saudi refineries’ consumption of crude oil decreased by 0.003 million barrels to 2.559 million barrels in July. The direct burning of crude in Saudi Arabia rose by 49000 barrels, reaching 592,000 barrels in July.
Saudi Arabia and different members of the Group of the Petroleum Exporting Nations (OPEC) present month-to-month export knowledge to the GODI, which it publishes on its web site. The JODI World Databases present month-to-month oil and gasoline knowledge from every companion’s member international locations, serving to to advertise gasoline and oil power knowledge transparency. It’s main purpose was to not construct a database however to lift the attention of all oil market gamers to the necessity for extra transparency in oil market knowledge.