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1. JODI-Oil World Database: 1st update on 18 March 2019 - Data up to January 2019
2. 56 countries updated the database with the most recent January 2019 data.
3. This update does not include data from countries reported through OLADE.
4. Check out our new JODI-Oil Chart Books feature.

USA

Figure 1: US Crude Oil Production

JanFebMarAprMayJunJulAugSepOctNovDec8,0008,5009,0009,50010,00010,50011,00011,50012,000Production (Thousand Barrels per day (kb/d))20182019Avg 2014-2018Range 2014 - 2018

US crude oil production rose by 32 KBD month-on-month to its all-time high of 11.88 MBD in January.

Figure 2: US Crude Oil Closing Stocks

JanFebMarAprMayJunJulAugSepOctNovDec1,000,0001,050,0001,100,0001,150,0001,200,0001,250,000Closing Stocks (Thousand Barrels (kbbl))20182019Avg 2014-2018Range 2014 - 2018

US crude oil closing stocks in January rose by 5.41 MBBL month-to-month to 1096 MBBL.

Saudi Arabia

Figure 3: Saudi Arabia Crude Oil and Total Oil Products Exports

Saudi crude oil and total oil products exports both fell again by total of 1.05 MBD to 8.87 MBD month-on-month in January.

Figure 4: Saudi Arabia Crude Oil and Total Oil Products Closing Stocks

While Saudi crude oil closing stocks fell again by 4.5 MBBL month-on-month to a decade low of 200.8 MBBL its total oil products closing stocks rose by 1.85 MBBD to all-time high of 96.6 MBBL in January.

Russia

Figure 5: Russia Crude Oil Production

JanFebMarAprMayJunJulAugSepOctNovDec9,6009,80010,00010,20010,40010,60010,80011,00011,200Production (Thousand Barrels per day (kb/d))20182019Avg 2014-2018Range 2014 - 2018

Russian crude oil production fell by 79 KEB month-on-month to 10.65 MBD from its historical high registered at average 10.7 MBD between July and December.

Figure 6: Russia Crude Oil Refinery Intakes

JanFebMarAprMayJunJulAugSepOctNovDec5,2005,4005,6005,8006,0006,2006,400Refinery Intake (Thousand Barrels per day (kb/d))20182019Avg 2014-2018Range 2014 - 2018

Russian crude oil refinery intakes in January fell by 74 KBD month-on-month to 5.96 KBD while registering the highest year-on-year level since monitoring began in 2002.

China

Figure 7: China Crude Oil Production

JanFebMarAprMayJunJulAugSepOctNovDec3,6003,7003,8003,9004,0004,1004,2004,3004,4004,5004,600Production (Thousand Barrels per day (kb/d))20182019Avg 2014-2018Range 2014 - 2018

Chinese crude oil production in December rose by 67 KBD month-on-month to 3.86 MBD registering the third yet first significant year-on-year increase in 2018.

Figure 8: China Crude Oil Imports

JanFebMarAprMayJunJulAugSepOctNovDec5,5006,0006,5007,0007,5008,0008,5009,0009,50010,00010,500Imports (Thousand Barrels per day (kb/d))20182019Avg 2014-2018Range 2014 - 2018

In the wake of November’s all-time high of 10.46 MBD, Chinese crude oil imports fell in December to 10.34 MBD