The International Energy Forum cited the Joint Institutions Initiative on Thursday, according to Judy, that Saudi Arabia’s crude oil exports rose to 7.66 million barrels per day in January, from 7.44 million barrels per day in December.
The forum indicated a decrease in crude oil inventories in Saudi Arabia by 2.92 million barrels and an increase in petroleum products inventories by 2.62 million barrels.
It confirmed the decline in global crude oil production to the lowest level in 7 months in January, as well as a seasonal decline in global demand for crude oil in January, and this month’s updates do not include data from China.
