Saudi Oil Exports Increases to 6.32 Million Barrels Daily

As demand increases for crude oil from OPEC countries, the Kingdom of Saudi Arabia has reported an increase in oil exports this past February. Monthly reports show that Saudi crude oil production increased by 0.6% to reach 9 million barrels per day between January and February of 2024. Consumption of crude oil by Saudi refineries also increased by 250,000 barrels per day. These figures have been reported on a monthly basis by OPEC countries to JODI for accurate analysis.