Saudi June crude output up by 280k bpd (mom) to 10.550m bpd – JODI via RTRS

The Joint Organisations Data Initiative (JODI) published the latest data on Saudi’s oil fundamentals, Reuters reported earlier on the day.

Key Details:

 Saudi June crude output up by 280k bpd (mom) to 10.550m bpd

Crude stocks rose 270k bbls to 289.445m bpd

Saudi June direct crude burn rose to 704k bpd, up 44k bpd -dom. refinery crude throughput up 12k bpd to 2.381m bpd

Saudi June crude exports rose by 161k bpd (mom) to 7.456m bpd

Meanwhile, both crude benchmarks are seen trading mixed, with the US oil up +0.50%, while the Brent trades -0.23% lower.