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1. JODI-Oil World Database: 1st update on 19 April 2021 - Data up to February 2021
2. 61 countries updated the database with the most recent February 2021 data.

Saudi Arabia

Figure 1: Saudi Arabia Total Oil (Crude Oil and Oil Products) Exports

Resulting from the voluntary crude oil production cut, February Saudi total oil (crude oil and total oil products) exports in fell month-on-month by 987 KBD to 6.86 MBD.

Figure 2: Saudi Arabia Crude Oil closing Stocks

JanFebMarAprMayJunJulAugSepOctNovDec140,000160,000180,000200,000220,000240,000260,000280,000300,000320,000Closing Stocks (Thousand Barrels (kbbl))20202021Avg 2016-2020Range 2016 - 2020

Saudi crude oil closing stocks in February fell month-on-month again by 2.63 MBBL to all-time-low of 134.58MBBL since monitoring began in 2002.

Figure 3: Saudi Arabia Total Oil Products closing Stocks

JanFebMarAprMayJunJulAugSepOctNovDec78,00080,00082,00084,00086,00088,00090,00092,00094,00096,00098,000100,000102,000104,000Closing Stocks (Thousand Barrels (kbbl))20202021Avg 2016-2020Range 2016 - 2020

Saudi total oil products closing stock level in February rose again month-on-month by 3.58 MBBL to its historical high of 100.69 MBBL.

Figure 4: Saudi Arabia Total Oil Products Demand

JanFebMarAprMayJunJulAugSepOctNovDec1,8002,0002,2002,4002,6002,8003,000Demand (oil) / Gross Inland Deliveries (Observed) (gas) (Thousand Barrels per day (kb/d))20202021Avg 2016-2020Range 2016 - 2020

Saudi total oil products demand in February rose month-on-month by 70 KBD from its post-pandemic low to 1.89 MBD.

Russia

Figure 5: Russia Crude Oil Production

JanFebMarAprMayJunJulAugSepOctNovDec8,5009,0009,50010,00010,50011,000Production (Thousand Barrels per day (kb/d))20202021Avg 2016-2020Range 2016 - 2020

Russian crude oil production in February fell month-on-month by 70 KBD to 9.40 MBD.

Figure 6: Russia Crude Oil Exports

JanFebMarAprMayJunJulAugSepOctNovDec3,6003,8004,0004,2004,4004,6004,8005,0005,2005,4005,6005,8006,000Exports (Thousand Barrels per day (kb/d))20202021Avg 2016-2020Range 2016 - 2020

Russian crude oil exports in January fell month-on-month by 498 KBD to its historical low of 3.70 MBD.

Figure 7: Russia Crude Oil Refinery Intakes

JanFebMarAprMayJunJulAugSepOctNovDec5,0005,2005,4005,6005,8006,0006,2006,400Refinery Intake (Thousand Barrels per day (kb/d))20202021Avg 2016-2020Range 2016 - 2020

Russian crude oil refinery intakes in February rose month-on-month by 291 KBD to 5.77 MBD.

USA

Figure 8: USA Liquid Production

US liquid production in February fell month-on-month by 609 KBD to 15.66 MBD.

Figure 9: USA Net Oil Trade (Imports)

February US total oil (crude oil and total oil products) trade registered another net imports since last June at 392 KBD.

Figure 10: USA Net Oil Trade (Exports)

February US total oil (crude oil and total oil products) trade registered another net imports since last June at 392 KBD.

Figure 11: US Crude Oil Closing Stocks

JanFebMarAprMayJunJulAugSepOctNovDec1,020,0001,040,0001,060,0001,080,0001,100,0001,120,0001,140,0001,160,0001,180,0001,200,0001,220,0001,240,0001,260,0001,280,000Closing Stocks (Thousand Barrels (kbbl))20202021Avg 2016-2020Range 2016 - 2020

US crude oil closing stock level in February rose month-on-month by 14.35 MBBL to 1128.29 MBD.

Figure 12: US Middle Distillate Closing Stocks

US middle distillate closing stock level in February sharply fell month-on-month by 29.76 MBBL to 211.12 MBBL. This is likely due to refinery shutdowns caused by severely cold weather in Texas.

Canada

Figure 13: Canada Crude Oil Production

JanFebMarAprMayJunJulAugSepOctNovDec2,8003,0003,2003,4003,6003,8004,000Production (Thousand Barrels per day (kb/d))20202021Avg 2016-2020Range 2016 - 2020

Canadian crude oil production in February rose month-on-month by 213 KBD to 3.76 MBD.

Figure 14: Canada Crude Oil Exports

JanFebMarAprMayJunJulAugSepOctNovDec2,4002,5002,6002,7002,8002,9003,0003,1003,2003,3003,4003,5003,600Exports (Thousand Barrels per day (kb/d))20202021Avg 2016-2020Range 2016 - 2020

Canadian crude oil exports in February rose month-on-month by 217 KBD to 3.21 MBD.

China

Figure 15: China Crude Oil Production

JanFebMarAprMayJunJulAugSepOctNovDec3,6003,7003,8003,9004,0004,1004,2004,300Production (Thousand Barrels per day (kb/d))20202021Avg 2016-2020Range 2016 - 2020

Chinese crude oil production in February sharply rose month-on-month by 287 KBD to 4.13 MBD

Figure 16: China Crude Oil Imports

JanFebMarAprMayJunJulAugSepOctNovDec7,0008,0009,00010,00011,00012,00013,000Imports (Thousand Barrels per day (kb/d))20202021Avg 2016-2020Range 2016 - 2020

Chinese crude oil imports rose month-on-month by 802 KBD to 11.53 MBD, registering the second highest level since monitoring began in 2002.

India

Figure 17: India Crude Oil Imports

JanFebMarAprMayJunJulAugSepOctNovDec2,8003,0003,2003,4003,6003,8004,0004,2004,4004,6004,8005,0005,200Imports (Thousand Barrels per day (kb/d))20202021Avg 2016-2020Range 2016 - 2020

Indian crude oil imports in February further fell two consecutive months from its post-COVID high registered in December by 861 KBD 4.01 MBD.

Figure 18: India Crude Oil Refinery Intake

JanFebMarAprMayJunJulAugSepOctNovDec3,6003,8004,0004,2004,4004,6004,8005,0005,2005,4005,600Refinery Intake (Thousand Barrels per day (kb/d))20202021Avg 2016-2020Range 2016 - 2020

Indian crude oil refinery intake in fell month-on-month by 306 KBD to 4.88 MBD.

Japan

Figure 19: Japan Crude Oil Imports

JanFebMarAprMayJunJulAugSepOctNovDec1,8002,0002,2002,4002,6002,8003,0003,2003,4003,600Imports (Thousand Barrels per day (kb/d))20202021Avg 2016-2020Range 2016 - 2020

Japanese crude oil imports in February virtually unchanged month-on-month at 255 MBD.

Figure 20: Japan Crude Oil Closing Stocks

JanFebMarAprMayJunJulAugSepOctNovDec350,000360,000370,000380,000390,000400,000410,000420,000Closing Stocks (Thousand Barrels (kbbl))20202021Avg 2016-2020Range 2016 - 2020

Japanese crude oil stock level in February rosed month-on-month by 7.51MBD to 369.34 MBBL.

Figure 21: Japan Total Oil Products Demand

JanFebMarAprMayJunJulAugSepOctNovDec2,8003,0003,2003,4003,6003,8004,0004,2004,4004,6004,800Demand (oil) / Gross Inland Deliveries (Observed) (gas) (Thousand Barrels per day (kb/d))20202021Avg 2016-2020Range 2016 - 2020

Japanese total oil products demand in February rose month-on-month by 116 KBD to 3.99 MBD.

Figure 22: Japan Middle Distillate Closing Stocks

Japanese middle distillate closing stock level in February fell month-on-month by 3.21 MBD to 42.82 MBBL.

Korea

Figure 23: Korea Crude Oil Imports

JanFebMarAprMayJunJulAugSepOctNovDec2,4002,6002,8003,0003,2003,4003,600Imports (Thousand Barrels per day (kb/d))20202021Avg 2016-2020Range 2016 - 2020

Korean crude oil imports in rose month-on-month by 180 KBD to 2.66 MBD.

Figure 24: Korea Crude Oil Closing Stocks

JanFebMarAprMayJunJulAugSepOctNovDec105,000110,000115,000120,000125,000130,000135,000140,000145,000150,000155,000Closing Stocks (Thousand Barrels (kbbl))20202021Avg 2016-2020Range 2016 - 2020

Korean crude oil closing stock level in February rose month-on-month by 744 KBBL to 124.18 MBBL.

Figure 25: Korea Total Oil Products Demand

JanFebMarAprMayJunJulAugSepOctNovDec2,4002,5002,6002,7002,8002,9003,0003,100Demand (oil) / Gross Inland Deliveries (Observed) (gas) (Thousand Barrels per day (kb/d))20202021Avg 2016-2020Range 2016 - 2020

Korean total oil products demand in February rose month-on-month by 182 KBD to 2.87 MBD registering first year-on-year increase since last May.

Figure 26: Korea Middle Distillate Closing Stocks

Korean middle distillate closing stock level in February further rose month-on-month by 3.75 MBBL to 38.14 MBBL.

UK

Figure 27: UK Crude Oil Closing Stocks

JanFebMarAprMayJunJulAugSepOctNovDec25,00026,00027,00028,00029,00030,00031,00032,00033,00034,00035,000Closing Stocks (Thousand Barrels (kbbl))20202021Avg 2016-2020Range 2016 - 2020

While its January figure was revised upward, UK crude oil closing stock level in February fell month-on-month again by 1.81 MBBL to its all-time low of 25.65 MBBL since monitoring began in 2002.

Figure 28: UK Total Oil Products Closing Stocks

JanFebMarAprMayJunJulAugSepOctNovDec40,00042,00044,00046,00048,00050,00052,00054,00056,000Closing Stocks (Thousand Barrels (kbbl))20202021Avg 2016-2020Range 2016 - 2020

Having hit the all-time high in January, February UK total oil products closing stock level sharply fell month-on-month by 5.44 MBBL to 48.76 MBD.

Figure 29: UK Total Oil Products Demand

JanFebMarAprMayJunJulAugSepOctNovDec8009001,0001,1001,2001,3001,4001,5001,6001,7001,800Demand (oil) / Gross Inland Deliveries (Observed) (gas) (Thousand Barrels per day (kb/d))20202021Avg 2016-2020Range 2016 - 2020

UK total oil products demand in February rose month-on-month by 205 KBD to 1.29 MBD.

Figure 30: UK Middle Distillate Closing Stocks

UK middle distillate closing stock level in February fell month-on-month by 3.36 MBBL to 29.89 MBBL.

Germany

Figure 31: Germany Crude oil Closing Stocks

JanFebMarAprMayJunJulAugSepOctNovDec142,000144,000146,000148,000150,000152,000154,000156,000158,000160,000162,000164,000166,000Closing Stocks (Thousand Barrels (kbbl))20202021Avg 2016-2020Range 2016 - 2020

While its January figure was revised upward, German crude oil closing stock level in February fell month-on-month by 1.98 KBBL to 153.44 MBBL.

Figure 32: Germany Total Oil Products Demand

JanFebMarAprMayJunJulAugSepOctNovDec1,8001,9002,0002,1002,2002,3002,4002,5002,6002,7002,800Demand (oil) / Gross Inland Deliveries (Observed) (gas) (Thousand Barrels per day (kb/d))20202021Avg 2016-2020Range 2016 - 2020

Having hit the historical low in previous month, German total oil products demand in February rose month-on-month by 289 KBD to 2.09 MBD.

Figure 33: Germany Middle Distillate Closing Stocks

While its December figure was revised upward, German middle distillate closing stock level in February fell month-on-month by 4.08 KBBL to 84.92 MBBL.