Joint oil database (JODI) Thursday (August 17) data show that in June Saudi crude oil exports fell slightly to 688.9 million barrels / day, compared with May to reduce 3.5 million barrels / day.
JODI website information, as OPEC largest crude oil producer, Saudi crude oil production in June to 1007 million barrels / day, compared with May growth of 19 million barrels / day.
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June Saudi Arabia, the number of domestic combustion of crude oil increased by 7.6 million barrels / day in May to 68 million barrels / day, due to peak summer electricity.
Saudi June refined oil demand from May to 253.5 million barrels / day increased to 263.4 million barrels / day.
Other data show that Saudi Arabia continues to consume inventory of crude oil, June inventory levels fell 225.3 million barrels to 2.5655 million barrels. The country’s crude oil inventories reached a record 32,443 million barrels in October 2015.
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Saudi Arabia, as a faithful defender of production cuts, has been pushing for cuts since the implementation of the cut. The country’s crude oil production in June only 100.58 million barrels / day limit production target of about 1.2 million barrels / day, indicating that it will continue to promote production cuts.
On the other hand, the Saudi refinery in June processing volume of 257.7 million barrels / day, higher than the May 25.17 million barrels / day, while the oil refining products export volume of 136.2 million barrels / day, also higher than in May of 127.9 million barrels /day.
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