Saudi oil exports jump to 7 million barrels in January

Official data revealed today, Friday, that Saudi crude oil exports increased in January to seven million barrels per day from 6.937 million barrels per day in December.

Saudi Arabia and other members of the Organization of Petroleum Exporting Countries (OPEC) submit monthly export data to the Joint Data Initiative (JODI), which they post on their website web.

JODI data showed Saudi refineries consumed 2.777 million barrels in January, up from 2.694 million barrels in December.

Jodi stated that the direct combustion of crude oil in Saudi Arabia was 402,000 barrels in January, up from 318,000 in December.