Saudi Arabia, the world's top crude oil exporter, saw its crude shipments rise in March to the highest level in 9 months, the latest data by the Joint Organizations Data Initiative
Saudi Arabia , the world’s top crude oil exporter, saw its crude shipments rise in March to the highest level in 9 months, the latest data by the Joint Organizations Data Initiative JODI showed on Monday. Saudi crude exports rose by 96,000 barrels per day bpd in March compared to February, to hit 6.413 million bpd, according to the JODI data which compiles self-reported figures from the individual countries.
3% year-over-year. Saudi direct burn of crude dropped by 53,000 month-on-month and was near the five-year average level in March, according to the data reported to JODI. Globally, oil demand rose by 1.3 million bpd in March, led by China, according to the JODI figures. However, oil demand was marginally down year-over-year in March. Meanwhile, crude oil production was down by 1.
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