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Highlights for June JODI Oil Data:

OIL
  • Saudi Arabia
    • Crude production increased by 108 kb/d to 10.65 mb/d.
    • Crude exports increased by 146 kb/d to 7.20 mb/d. Product exports increased by 72 kb/d to 1.60 mb/d.
    • Refinery intake increased by 100 kb/d to 2.85 mb/d – a record high.
    • Product demand increased by 364 kb/d to 2.79 mb/d – the highest level since 2017.
    • Direct burn of crude oil increased by 105 kb/d to 687 kb/d in June.
  • Russia:
    • Crude production increased by 538 kb/d month-on-month to 9.98 mb/d – only 247 kb/d below February 2022 levels.
    • Refinery intake increased by 443 kb/d to 5.46 mb/d.
  • United States:
    • Crude inventories fell by 21.8 mb to 915.8 mb and are now at their lowest level since 2004.
    • Product inventories increased by 34.1 mb to 650.5 mb.

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