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1. JODI-Oil World Database: 1st update 20 March 2017 - Data up to January 2017
2. 61 countries updated the database with the most recent January 2017 data.

Saudi Arabia

Figure 1: Saudi Arabia Crude Oil Exports

JanFebMarAprMayJunJulAugSepOctNovDec6,4006,6006,8007,0007,2007,4007,6007,8008,0008,2008,4008,600Export (KBD)20162017Avg 2012-2016Range 2012 - 2016

Having hit a record high of 8.01 MBD in November 2016, Saudi crude oil exports have since fallen for two consecutive months and stand at 7.71 MBD in January 2017.

Figure 2: Saudi Arabia Total Oil Products Demand

JanFebMarAprMayJunJulAugSepOctNovDec1,6001,8002,0002,2002,4002,6002,8003,000Refinery Intake / Demand (KBD)20162017Avg 2012-2016Range 2012 - 2016

Saudi total oil products demand fell to a four-year low of 1.96 MBD in January.


Figure 3: India Total Oil Products Stock Level

JanFebMarAprMayJunJulAugSepOctNovDec48,00050,00052,00054,00056,00058,00060,00062,00064,00066,00068,00070,000Closing Stocks (KBBL)20162017Avg 2012-2016Range 2012 - 2016

Indian total oil products stock level rose to 67 MBBL in January, its highest level since monitoring began in March 2011.

Figure 4: India Total Oil Products Demand

JanFebMarAprMayJunJulAugSepOctNovDec3,0003,2003,4003,6003,8004,0004,2004,4004,600Refinery Intake / Demand (KBD)20162017Avg 2012-2016Range 2012 - 2016

Indian oil products demand fell 242 KBD to 4.10 MBD in January 2017, registering the first year-on-year decline since July 2013.


Figure 5: USA Crude Oil Production

JanFebMarAprMayJunJulAugSepOctNovDec6,0006,5007,0007,5008,0008,5009,0009,50010,000Production / Refinery Output (KBD)20162017Avg 2012-2016Range 2012 - 2016

US crude oil production rose to 8.95 MBD in January.

Figure 6: USA Crude Oil Stock Level

JanFebMarAprMayJunJulAugSepOctNovDec1,000,0001,050,0001,100,0001,150,0001,200,0001,250,000Closing Stocks (KBBL)20162017Avg 2012-2016Range 2012 - 2016

US crude oil stock levels rose back to the third highest level at 1200 MBBL in January after falling for 4 consecutive months from May's all-time high of 1204 MBBL.