Saudi Production, Consumption, Export -- June, 2015, Data

Previously posted but needs a stand-alone post.

Update on Saudi Arabia's production / export -- June, 2015, data. 

Saudi Arabia's crude exports recovered to 7.365 million b/d in June after falling to 6.935 million b/d in May.

Apart from the dip in May, the kingdom's exports have been above the 7 million b/d level since the beginning of this year.

And, following Riyadh's refusal to cut output late last year as oil prices plunged, Saudi production has held above 10 million b/d since March, climbing to 10.564 million b/d in June.

The volume of crude processed in Saudi refineries inside the kingdom fell to 2.099 million b/d in June from 2.423 million b/d in May while the volume of crude burned directly in the kingdom's power plants rose to 894,000 b/d from 677,000 b/d.

Domestic use:

Saudi Arabia's high use of crude oil in power generation, especially during the searing summer heat when demand for air conditioning soars, is well known.

The June volume represented 8.5% of Saudi crude production. But it's not just in Saudi Arabia that direct-burn volumes have been rising.

Iraq's use of crude to generate electricity has climbed sharply over the past two years, with a record volume of 190,000 b/d -- 5.3% of its total official production -- burned in power plants in June.

The direct-burn volume first climbed above 100,000 b/d in July 2013, soaring to 133,000 b/d from 89,000 b/d the previous month.

I'm still not particularly impressed with "10.6 million bopd" production coming out of Saudi Arabia.  I've said this many, many times; see previous posts for background.