According to data released by Dow Jones’JODI on Monday, March 19, 2019, Saudi Arabia exported 7.254 million barrels of crude oil per day in January 2019, down 5.6 percentage points from 7.687 million barrels per day in December last year.

Member States of the Organization of Petroleum Exporting Countries (OPEC), including Saudi Arabia, provide JODI with monthly oil export data, which JODI publishes on its website.

Saudi Arabia, the largest oil producer of the Organization of Petroleum Exporting Countries (OPEC) and the actual leader of OPEC, has taken the lead in reducing crude oil production since January this year, fulfilling a global production reduction agreement reached at the end of last year.

Saudi Arabia’s crude oil production fell by 400,000 barrels per day in January, to 10.243 million barrels per day, and its crude oil inventory fell by 4.542 million barrels to 20.834 million barrels in January.

According to JODI data, demand for direct burning crude oil in Saudi Arabia’s power plants increased by 13,000 barrels per day in January to 377,000 barrels per day; crude oil processing in domestic refineries increased by 74,000 barrels per day to 2.758 million barrels per day in January.

Saudi demand for petroleum products increased by 34,000 barrels per day in January to 2073,000 barrels per day, while exports of refined oil fell by 497,000 barrels per day to 1616,000 barrels per day.