The Joint Organizations Data Initiative (JODI) data showed Monday that Saudi Arabia's crude oil exports fell in April to their lowest level in five months.
The Kingdom's exports fell three percent to 7.316 million barrels per day (bpd) from 7.523 million bpd in March.
Riyadh and other members of the Organization of the Petroleum Exporting Countries (OPEC) provide monthly export figures to JODI, which publishes them on its website.
Saudi crude production was stable at 10.46 million bpd in April, while inventories rose by 1.98 million barrels to 149.4 million.
Domestic refineries refined 2.69 million bpd, down 42,000 bpd despite an increase in refined product exports by 75,000 barrels per day to 1.547 million bpd.
Saudi Arabia pledged this month to make a significant production cut in July, on top of a broader OPEC+ deal to limit supply in 2024, and raised the prices of its Arab Light crude oil to Asian buyers in July to a six-month high.
As a result, Asian refiners will likely buy less Saudi oil in July than more cargoes, such as those from the UAE, in spot deals.
Meanwhile, the oil prices fell as questions over China's economy overweighed OPEC+ output cuts and the seventh drop in the number of oil and gas rigs in the US.
Several large banks cut their forecast for China's GDP 2023 growth after May data published last week showed that the post-Covid-19 recovery in the world's second-largest economy was faltering.
However, China's refinery consumption rose in May to the second-highest level on record, helping to boost last week's gains.
US energy companies reduced the number of operating oil and natural gas rigs for the seventh week in a row for the first time since July 2020.
The number of oil and gas rigs, an early indicator of future output, fell by 8 to 687 in the week ending June 16, the lowest level since April 2022.
Meanwhile, Brent crude settled down 48 cents, or 0.6 percent, to $76.13 a barrel, while US West Texas Intermediate (WTI) crude was down 49 cents, or 0.7 percent, to $71.29. Trading volumes were thin due to a US holiday.
