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Volume
44
Issue
2
29
to reach 430 million barrels, of which 190 million barrels of crude and 240 million
barrels of oil products.
Whereas Commercial oil Inventories in Europe increased by 2 million barrels
to reach 953 million barrels, of which 344 million barrels of crude and 609 million
barrels of oil products.
In the rest of the world, commercial oil inventories decreased by 1 million
barrels to reach 2764 million barrels, whereas the Inventories at sea increased by
10 million barrels to reach 1179 million barrels.
As a result, Total Commercial oil inventories in November 2017 decreased by 19
million barrels to reach 5674 million barrels – a level that is 29 million barrels lower
than a year ago.
Strategic inventories in OECD-34, South Africa and China decreased by 7 million
barrels to reach 1843 million barrels – a level that is 41 million barrels lower than a
year ago Total world inventories, at the end of November 2017 were at 8697 million
barrels, representing a decrease of 15 million barrels comparing with the previous
month, and a decrease of 119 million barrels comparing with the same month a
year ago.
Table (9)
in the annex and
figure (8)
show the changes in global inventories
prevailing at the end of November 2017.
Figure - 8
Changes in Global Inventories at the End of November 2017
(Million bbl)