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JODI-Oil World Database: 1st update on 20 May 2024
44 countries updated the database with the most recent March 2024 data

Saudi Arabia

Saudi Arabia: Crude Production

JanFebMarAprMayJunJulAugSepOctNovDec7,5008,0008,5009,0009,50010,00010,50011,00011,50012,00012,500Production (Thousand Barrels per day (kb/d))20232024Avg 2019-2023Range 2019 - 2023

Saudi Arabia crude production fell by 38 kb/d to 8.97 mb/d

Saudi Arabia: Crude Exports

JanFebMarAprMayJunJulAugSepOctNovDec5,0005,5006,0006,5007,0007,5008,0008,5009,0009,50010,00010,500Exports (Thousand Barrels per day (kb/d))20232024Avg 2019-2023Range 2019 - 2023

Saudi Arabia exports rose by 96 kb/d to a 9-month high

Saudi Arabia: Refinery Runs

JanFebMarAprMayJunJulAugSepOctNovDec1,8001,9002,0002,1002,2002,3002,4002,5002,6002,7002,8002,9003,000Refinery Intake (Thousand Barrels per day (kb/d))20232024Avg 2019-2023Range 2019 - 2023

Saudi refinery runs fell by 115 kb/d and was down 6.3% y/y

Saudi Arabia: Crude Oil Direct Use

JanFebMarAprMayJunJulAugSepOctNovDec250300350400450500550600650700750Direct Use (Thousand Barrels per day (kb/d))20232024Avg 2019-2023Range 2019 - 2023

Saudi direct burn fell by 53 kb/d m/m and was near the 5-year average level

China

China: Total Product Demand

JanFebMarAprMayJunJulAugSepOctNovDec12,00013,00014,00015,00016,00017,00018,000Demand (oil) / Gross Inland Deliveries (Observed) (gas) (Thousand Barrels per day (kb/d))20232024Avg 2019-2023Range 2019 - 2023

China total product demand rose by 1.3 mb/d m/m

China: Crude Oil Imports

JanFebMarAprMayJunJulAugSepOctNovDec8,5009,0009,50010,00010,50011,00011,50012,00012,50013,00013,500Imports (Thousand Barrels per day (kb/d))20232024Avg 2019-2023Range 2019 - 2023

China crude imports rose by 1.15 mb/d and was 9% above 5-year average

China: Total Product Exports

JanFebMarAprMayJunJulAugSepOctNovDec8001,0001,2001,4001,6001,8002,000Exports (Thousand Barrels per day (kb/d))20232024Avg 2019-2023Range 2019 - 2023

Chinese product exports rose by nearly 400 kb/d m/m

China: Refinery Crude Intake

JanFebMarAprMayJunJulAugSepOctNovDec12,50013,00013,50014,00014,50015,00015,50016,00016,50017,00017,500Refinery Intake (Thousand Barrels per day (kb/d))20232024Avg 2019-2023Range 2019 - 2023

Chinese refinery runs rose by 1.33 mb/d and was 9% above the 5-year average

India

India: Total Product Demand

JanFebMarAprMayJunJulAugSepOctNovDec3,0003,5004,0004,5005,0005,500Demand (oil) / Gross Inland Deliveries (Observed) (gas) (Thousand Barrels per day (kb/d))20232024Avg 2019-2023Range 2019 - 2023

India's total product demand was nearly at the same level m/m at 5.6 mb/d, but was 3.4% above the previous year's level.

India: Crude Oil Imports

JanFebMarAprMayJunJulAugSepOctNovDec2,8003,0003,2003,4003,6003,8004,0004,2004,4004,6004,8005,0005,200Imports (Thousand Barrels per day (kb/d))20232024Avg 2019-2023Range 2019 - 2023

India crude imports rose by 179 kb/d, but was down 3.5 % y/y

India: Total Product Exports

JanFebMarAprMayJunJulAugSepOctNovDec1,0001,1001,2001,3001,4001,5001,6001,7001,800Exports (Thousand Barrels per day (kb/d))20232024Avg 2019-2023Range 2019 - 2023

India product exports fell by 223 kb/d m/m

US

US: Crude Oil Production

JanFebMarAprMayJunJulAugSepOctNovDec9,50010,00010,50011,00011,50012,00012,50013,00013,500Production (Thousand Barrels per day (kb/d))20232024Avg 2019-2023Range 2019 - 2023

US production held relatively steady at the same level m/m at 13.1 mb/d, marking a nearly 3% increase compared to the previous year.

US Crude Oil Exports

JanFebMarAprMayJunJulAugSepOctNovDec2,6002,8003,0003,2003,4003,6003,8004,0004,2004,4004,6004,8005,000Exports (Thousand Barrels per day (kb/d))20232024Avg 2019-2023Range 2019 - 2023

US crude exports fell by 733 kb/d m/m to 3.9 mb/d, but was still 15% above 5-year average

Japan

Japan Crude Imports

JanFebMarAprMayJunJulAugSepOctNovDec1,8002,0002,2002,4002,6002,8003,0003,2003,400Imports (Thousand Barrels per day (kb/d))20232024Avg 2019-2023Range 2019 - 2023

Japan’s crude imports rose by 62 kb/d m/m, but was 9.4% below y/y

Japan Total Product Demand

JanFebMarAprMayJunJulAugSepOctNovDec2,8003,0003,2003,4003,6003,8004,0004,2004,4004,600Demand (oil) / Gross Inland Deliveries (Observed) (gas) (Thousand Barrels per day (kb/d))20232024Avg 2019-2023Range 2019 - 2023

Japan’s product demand fell by 235 kb/d to 3.5 mb/d