The world’s largest oil exporter, Saudi Arabia, increased its crude oil exports to 6.582 million barrels per day (bpd) in January 2021, up from 6.495 million bpd in December 2020, data from the Joint Organisations Data Initiative (JODI) showed on Friday. Total Saudi oil exports, including crude oil and total oil products, rose slightly again month-on-month by 44,000 bpd to 7.75 million bpd in January 2021, according to JODI, which compiles self-reported data from the countries. Saudi Arabia has been raising its crude oil exports every month since June last year when the Kingdom saw its crude oil exports drop to their lowest on record at just below 5 million bpd, as OPEC’s de facto leader led efforts from the OPEC+ group to withhold a record amount of crude from the market in response to the crash in demand. This year, Saudi Arabia’s crude oil exports are set to […]