MonthlyOil&GasDataReviewEnergySecurityThroughDialogueief.org1July2024SummaryfindingsfromthelatestJODIoil&gasdatabasesupdateJODIOilupdatebythenumbers:Month-on-Month45countriesupdatedthedatabasewiththemostrecentMay2024data2+0.81mb/dvs.April2024OilDemand+1.56mb/dvs.April2024RefineryIntake-586kb/dvs.April2024CrudeProduction-24.4mbvs.April2024CrudeInventories+29.5kb/dvs.April2024NGLProduction+66.7mbvs.April2024ProductInventoriesJODIOilupdatebythenumbers:Year-on-Year45countriesupdatedthedatabasewiththemostrecentMay2024data3-1mb/dvs.May2023OilDemand-0.73mb/dvs.May2023RefineryIntake-0.78mb/dvs.May2023CrudeProduction-271mbvs.5-yearaverageCrudeInventories+587kb/dvs.May2023NGLProduction+7.7mbvs.5-yearaverageProductInventoriesOilOverview:UpdatewithDataThroughMay2024•OildemandinJODI-reportingcountriesroseby0.8mb/dinMayandwasdown1mb/dyear-on-year.•Themonth-on-monthgainwasdrivenbygasolineandjetfueldemand.Gasolinedemandwasata5-yearseasonalhigh.•DieselandKerosenedemandbothfellmonth-on-month.Dieseldemandwasdownby0.5mb/dm/mandby1.2mb/dy/ywhileKerosenewasdownby56kb/dm/mandupby0.28mb/dy/y.•Crudeoilproductionfellby586kb/dinMaydrivenmainlybylowerdemandfromChinaandJapan.•Crudeproductionwasdownby0.78mb/dy/y.SaudiArabiaCrudeproductiondeclinedy/yby-0.97mb/dwhiletheUSgainedy/y409kb/d.•SaudiArabia’scrudeproductionremainedlargelyst...
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