39 / 44
39
Petroleum Devolopments
which 364 million barrels of crude and 653 million barrels of oil products.
Commercial oil inventories in Pacific
increased by 3 million barrels to
reach 441 million barrels, of which 196 million barrels of crude and 245
million barrels of oil products.
In the rest of the world,
commercial oil inventories decreased by 15
million barrels to reach 2959 million barrels, and the
Inventories at sea
decreased by 16 million barrels to reach 1225 million barrels.
As a result,
Total Commercial oil inventories
in July 2016 increased
by 17 million barrels comparing with the previous month to reach 6070
million barrels – a level that is 478 million barrels higher than a year ago.
Strategic inventories
in OECD-34, South Africa and China increased
by 1 million barrels to reach 1867 million barrels – a level that is 11 million
barrels higher than a year ago.
Total world inventories,
at the end of July 2016 were at 9162 million
barrels, representing an increase of 2 million barrels comparing with the
previous month, and an increase of 615 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 July 2016.
Figure - 8
Changes in Global Inventories at the End of July 2016
(Million bbl)