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1.) JODI-Oil World Database: 1st update on 18 March 2024
2.) 44 countries updated the database with the most recent January 2024 data

Saudi Arabia

Saudi Arabia: Crude Production

7,5008,0008,5009,0009,50010,00010,50011,00011,50012,00012,500Production (Thousand Barrels per day (kb/d))JanFebMarAprMayJunJulAugSepOctNovDec20232024Avg 2019-2023Range 2019 - 2023

Saudi crude production rose by 12 kb/d to 8.96 mb/d.

Saudi Arabia: Crude Exports

5,0005,5006,0006,5007,0007,5008,0008,5009,0009,50010,00010,500Exports (Thousand Barrels per day (kb/d))JanFebMarAprMayJunJulAugSepOctNovDec20232024Avg 2019-2023Range 2019 - 2023

Saudi crude exports fell by 11 kb/d.

Saudi Arabia: Refinery Runs

1,8001,9002,0002,1002,2002,3002,4002,5002,6002,7002,8002,9003,000Refinery Intake (Thousand Barrels per day (kb/d))JanFebMarAprMayJunJulAugSepOctNovDec20232024Avg 2019-2023Range 2019 - 2023

Saudi refinery runs rose by 10 kb/d to a 4-month high.

Saudi Arabia: Crude Oil and Total Oil Products Closing Stocks

Saudi Arabia's product inventories fell by 3 mb in January while its crude inventories rose by 2.6 mb.

Canada

Canada: Crude Oil Production

2,8003,0003,2003,4003,6003,8004,0004,200Production (Thousand Barrels per day (kb/d))JanFebMarAprMayJunJulAugSepOctNovDec20232024Avg 2019-2023Range 2019 - 2023

Canadian crude production fell by 26 kb/d m-o-m but was up 197 kb/d year-on-year.

Canada: Crude Inventories

52,00054,00056,00058,00060,00062,00064,00066,00068,000Closing Stocks (Thousand Barrels (kbbl))JanFebMarAprMayJunJulAugSepOctNovDec20232024Range 2019 - 2023

Canadian crude inventories rose by 619 kb.

United States

US: Crude Oil Production

9,50010,00010,50011,00011,50012,00012,50013,00013,500Production (Thousand Barrels per day (kb/d))JanFebMarAprMayJunJulAugSepOctNovDec20232024Avg 2019-2023Range 2019 - 2023

US production fell by 321 kb/d to 12.99 mb/d.

US: Crude Oil Imports

5,2005,4005,6005,8006,0006,2006,4006,6006,8007,0007,2007,4007,6007,800Imports (Thousand Barrels per day (kb/d))JanFebMarAprMayJunJulAugSepOctNovDec20232024Avg 2019-2023Range 2019 - 2023

US crude imports fell by 74 kb/d.

US: Crude Oil Exports

2,6002,8003,0003,2003,4003,6003,8004,0004,2004,4004,6004,8005,000Exports (Thousand Barrels per day (kb/d))JanFebMarAprMayJunJulAugSepOctNovDec20232024Avg 2019-2023Range 2019 - 2023

US crude exports fell by 386 kb/d to 4.14 mb/d, but were still at a seasonal high.

India

India: Crude Imports

2,8003,0003,2003,4003,6003,8004,0004,2004,4004,6004,8005,0005,200Imports (Thousand Barrels per day (kb/d))JanFebMarAprMayJunJulAugSepOctNovDec20232024Avg 2019-2023Range 2019 - 2023

India’s crude imports rose by 367 kb/d to the 2nd highest level on record.

India: Total Oil Product Demand

3,0003,5004,0004,5005,0005,500Demand (oil) / Gross Inland Deliveries (Observed) (gas) (Thousand Barrels per day (kb/d))JanFebMarAprMayJunJulAugSepOctNovDec20232024Avg 2019-2023Range 2019 - 2023

India’s total product demand rose by 8 kb/d m-o-m to a 10-month high.

Japan

Japan: Crude Imports

1,8002,0002,2002,4002,6002,8003,0003,2003,400Imports (Thousand Barrels per day (kb/d))JanFebMarAprMayJunJulAugSepOctNovDec20232024Avg 2019-2023Range 2019 - 2023

Japan’s crude imports fell by 270 kb/d.

Japan: Total Product Demand

2,8003,0003,2003,4003,6003,8004,0004,2004,4004,600Demand (oil) / Gross Inland Deliveries (Observed) (gas) (Thousand Barrels per day (kb/d))JanFebMarAprMayJunJulAugSepOctNovDec20232024Avg 2019-2023Range 2019 - 2023

Japan’s product demand fell by 312 kb/d to a 5-year seasonal low.

United Kingdom

UK: Crude Production

5506006507007508008509009501,0001,0501,1001,150Production (Thousand Barrels per day (kb/d))JanFebMarAprMayJunJulAugSepOctNovDec20232024Avg 2019-2023Range 2019 - 2023

UK crude production fell by 8 kb/d m-o-m to a 5-year seasonal low.

UK: Crude Inventories

22,00024,00026,00028,00030,00032,000Closing Stocks (Thousand Barrels (kbbl))JanFebMarAprMayJunJulAugSepOctNovDec20232024Range 2019 - 2023

UK crude inventories fell by 1.75 mb to a 3-month low.

Germany

Germany: Total Product Demand

1,8001,9002,0002,1002,2002,3002,4002,5002,6002,700Demand (oil) / Gross Inland Deliveries (Observed) (gas) (Thousand Barrels per day (kb/d))JanFebMarAprMayJunJulAugSepOctNovDec20232024Avg 2019-2023Range 2019 - 2023

Germany’s oil demand fell by 157 kb/d to an 12-month low.

Germany: Diesel Demand

7007508008509009501,0001,0501,1001,1501,2001,2501,300Demand (oil) / Gross Inland Deliveries (Observed) (gas) (Thousand Barrels per day (kb/d))JanFebMarAprMayJunJulAugSepOctNovDec20232024Avg 2019-2023Range 2019 - 2023

Germany’s diesel demand fell by 29 kb/d.

Italy

Italy: Total Product Demand

7008009001,0001,1001,2001,3001,400Demand (oil) / Gross Inland Deliveries (Observed) (gas) (Thousand Barrels per day (kb/d))JanFebMarAprMayJunJulAugSepOctNovDec20232024Avg 2019-2023Range 2019 - 2023

Italy’s product demand fell by 64 kb/d and was down 49 kb/d year-on-year.