Saudi Crude Output Hit 7-Month High in February

Also, crude exports by the country increased by 0.32% month-on-month to total 6.32 mbpd during the month.

SEATTLE (Oil Monster): According to latest Joint Organizations Data Initiative (JODI) data, the crude production by Saudi Arabia touched seven-month high of 9.01 million barrels per day (mbpd) during February this year. This is modestly higher by 55,000 bpd or 0.61% from the prior month. Meanwhile, the crude output was significantly lower by 14% from the levels during the same month a year before.

Also, crude exports by the country increased by 0.32% month-on-month to total 6.32 mbpd during the month.

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As per JODI data, refinery crude output surged to hit five-month high in February. The output recorded 10% surge month-on-month to touch 2.68 million bpd. The output surged higher by 10% when compared with February 2023.

In February, diesel output at 1.02 mbpd, accounted for 38% of the total output, with percentage share declining from 45% in the prior month. Motor aviation or jet fuel output maintained 22% share at 597.000 bpd. Meantime, fuel oil made up 17% of the total refinery output.