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1.) JODI-Oil World Database: 1st update on 17 April 2024
2.) 43 countries updated the database with the most recent February 2024 data

Saudi Arabia

Saudi Arabia: Crude Production

JanFebMarAprMayJunJulAugSepOctNovDec7,5008,0008,5009,0009,50010,00010,50011,00011,50012,00012,500Production (Thousand Barrels per day (kb/d))20232024Avg 2019-2023Range 2019 - 2023

Saudi crude production rose by 55 kb/d to a 7-month high.

Saudi Arabia: Crude Exports

JanFebMarAprMayJunJulAugSepOctNovDec5,0005,5006,0006,5007,0007,5008,0008,5009,0009,50010,00010,500Exports (Thousand Barrels per day (kb/d))20232024Avg 2019-2023Range 2019 - 2023

Saudi crude exports rose by 20 kb/d to a 3-month high.

Saudi Arabia: Refinery Runs

JanFebMarAprMayJunJulAugSepOctNovDec1,8001,9002,0002,1002,2002,3002,4002,5002,6002,7002,8002,9003,000Refinery Intake (Thousand Barrels per day (kb/d))20232024Avg 2019-2023Range 2019 - 2023

Saudi refinery runs rose by 250 kb/d to a 5-month high.

Saudi Arabia: Crude Oil Direct Use

JanFebMarAprMayJunJulAugSepOctNovDec250300350400450500550600650700750Direct Use (Thousand Barrels per day (kb/d))20232024Avg 2019-2023Range 2019 - 2023

Saudi direct burn rose by 52 kb/d and was at a 5-year seasonal high.

China

China: Crude Oil Imports

JanFebMarAprMayJunJulAugSepOctNovDec8,5009,0009,50010,00010,50011,00011,50012,00012,50013,00013,500Imports (Thousand Barrels per day (kb/d))20232024Avg 2019-2023Range 2019 - 2023

China crude imports fell by 667 kb/d.

China: Total Oil Product Demand

JanFebMarAprMayJunJulAugSepOctNovDec12,00013,00014,00015,00016,00017,00018,000Demand (oil) / Gross Inland Deliveries (Observed) (gas) (Thousand Barrels per day (kb/d))20232024Avg 2019-2023Range 2019 - 2023

Chinese demand fell by 967 kb/d to a 13-month low.

China: Total Oil Product Exports

JanFebMarAprMayJunJulAugSepOctNovDec8001,0001,2001,4001,6001,8002,000Exports (Thousand Barrels per day (kb/d))20232024Avg 2019-2023Range 2019 - 2023

Chinese product exports fell by 69 kb/d to a 10-month low.

China: Refinery Crude Intake

JanFebMarAprMayJunJulAugSepOctNovDec12,50013,00013,50014,00014,50015,00015,50016,00016,50017,00017,500Refinery Intake (Thousand Barrels per day (kb/d))20232024Avg 2019-2023Range 2019 - 2023

Chinese refinery runs fell by 919 kb/d to a 7-month low.

India

India: Crude Imports

JanFebMarAprMayJunJulAugSepOctNovDec2,8003,0003,2003,4003,6003,8004,0004,2004,4004,6004,8005,0005,200Imports (Thousand Barrels per day (kb/d))20232024Avg 2019-2023Range 2019 - 2023

India’s crude imports fell by 506 kb/d.

India: Total Oil Product Demand

JanFebMarAprMayJunJulAugSepOctNovDec3,0003,5004,0004,5005,0005,500Demand (oil) / Gross Inland Deliveries (Observed) (gas) (Thousand Barrels per day (kb/d))20232024Avg 2019-2023Range 2019 - 2023

India’s total product demand rose by 265 kb/d to an all-time high.

India: Total Oil Product Exports

JanFebMarAprMayJunJulAugSepOctNovDec1,0001,1001,2001,3001,4001,5001,6001,7001,800Exports (Thousand Barrels per day (kb/d))20232024Avg 2019-2023Range 2019 - 2023

India’s total product exports rose by 346 kb/d to a 5-year seasonal high.

United States

US: Crude Oil Production

JanFebMarAprMayJunJulAugSepOctNovDec9,50010,00010,50011,00011,50012,00012,50013,00013,500Production (Thousand Barrels per day (kb/d))20232024Avg 2019-2023Range 2019 - 2023

US production rebounded by 743 kb/d.

US: Crude Oil Exports

JanFebMarAprMayJunJulAugSepOctNovDec2,6002,8003,0003,2003,4003,6003,8004,0004,2004,4004,6004,8005,000Exports (Thousand Barrels per day (kb/d))20232024Avg 2019-2023Range 2019 - 2023

US crude exports rebounded by 583 kb/d to were up 634 kb/d y/y.

Japan

Japan: Crude Imports

JanFebMarAprMayJunJulAugSepOctNovDec1,8002,0002,2002,4002,6002,8003,0003,2003,400Imports (Thousand Barrels per day (kb/d))20232024Avg 2019-2023Range 2019 - 2023

Japan’s crude imports fell by 140 kb/d.

Japan: Total Product Demand

JanFebMarAprMayJunJulAugSepOctNovDec2,8003,0003,2003,4003,6003,8004,0004,2004,4004,600Demand (oil) / Gross Inland Deliveries (Observed) (gas) (Thousand Barrels per day (kb/d))20232024Avg 2019-2023Range 2019 - 2023

Japan’s product demand rose by 175 kb/b, but it was still at a 5-year seasonal low.

Australia

Australia: Total Product Demand

JanFebMarAprMayJunJulAugSepOctNovDec7508008509009501,0001,0501,1001,1501,200Demand (oil) / Gross Inland Deliveries (Observed) (gas) (Thousand Barrels per day (kb/d))20232024Avg 2019-2023Range 2019 - 2023

Australia’s product demand rose by 99 kb/d to a 5-year seasonal high.

Italy

Italy: Diesel Demand

JanFebMarAprMayJunJulAugSepOctNovDec300350400450500550600650Demand (oil) / Gross Inland Deliveries (Observed) (gas) (Thousand Barrels per day (kb/d))20232024Avg 2019-2023Range 2019 - 2023

Italy’s diesel demand rose by 131 kb/d m-o-m to a 12-year high.