*Saudi Arabia’s crude oil burn jumped by 130,000 b/d to 582,000 b/d in May. Not just was this up a massive 185,000 b/d year-on-year, but it was the highest May figure since 2017 (see chart & table for full Saudi May oil data). Crude oil is burned in power and desalination plants where gas is not available and always rises sharply in the summer months.