RIYADH — Saudi Arabia's crude oil exports fell by about 73,000 barrels per day (bpd) in January to 6.073 million bpd, while Saudi crude inventories increased by about 8.153 million bpd to 155.926 million bpd in January, according to a Joint organization Data Initiatives (Jodi) report. Saudi crude oil production rose by about 12,000 bpd month-on-month to 8.917 million bpd in January, while domestic refinery crude consumption in Saudi Arabia fell by about 84,000 bpd to 2.459 million bpd in January. Oil product exports in Saudi Arabia fell by about 205,000 barrels per day to 1.336 million barrels per day in January, while demand for Saudi oil products fell by about 508,000 barrels per day to 1.78 million barrels per day, according to Reuters. Saudi Arabia's crude oil exports reached 6.547 million barrels per day in February. Oil product exports also rose by about 72,000 barrels per day to 1.408 million barrels per day, and Saudi crude inventories fell by 10.136 million barrels per day to 145.79 million barrels per day in February. Saudi crude oil production reached 8.947 million barrels per day in February, and direct crude burning in Saudi Arabia rose by about 8,000 barrels per day to 283 million barrels per day in the same month. crude oil exports reached 6.547 million barrels per day in February, and domestic refinery crude consumption in the Kingdom rose by approximately 162,000 barrels per day to 2.621 million barrels per day in February 2025.
