Saudi Arabia’s crude exports stood at 7.373 million barrels per day (mmbbl/d) in December 2019, according to Reuters.

The kingdom’s crude production declined to 9.594 mmbbl/d in December, in comparison to 9.890 mmbbl/d in November, according to the Riyadh-based Joint Organisations Data Initiative (JODI).

Exports of refined oil products in December dropped to 1.052 mmbbl/d, from 1.173 mmbbl/d a month earlier, the data showed.

Saudi demand for oil products in December was 2.043 mmbbl/d, down slightly from 2.102 mmbl/d in November, according to the data.

The kingdom used 374,000 barrels per day (b/d) of crude oil to generate power in December, up from 342,000 b/d the month before.

The data showed that the crude stockpiles dropped by 11.8 million barrels in December, while the oil inventories declined to 155.199 million barrels in December, from 167.013 million barrels in November.