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Saudi Arabia, Iran Boost January Oil Exports, JODI Says

Saudi Arabia and Iran increased oil exports in January from a month earlier amid higher demand for crude from OPEC member nations, official data posted on the Joint Organization Data Initiative’s website showed.

Saudi Arabia, the largest producer in the Organization of Petroleum Exporting Countries, boosted January exports by 2 percent to 7.507 million barrels a day, according to JODI data released today. Iran, the group’s second-biggest producer, exported 2.265 million barrels a day, its highest monthly figure since December 2008, the data showed.