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Petroleum Devolopments
Volume 41 Issue 10
34
decreased by 2 million barrels to reach 936 million barrels, of which
340 million barrels of crude and 596 million barrels of oil products.
Commercial oil inventories in Pacific increased by 9 million barrels, to
reach 438 million barrels, of which 204 million barrels of crude and 234
million barrels of oil products.
In the rest of the world, commercial oil inventories increased by 47
million barrels to reach 2627 million barrels, and the Inventories at sea
increased by 23 million barrels to reach 1099 million barrels.
As a result, Total Commercial oil inventories in July 2015 increased
by 65 million barrels comparing with the previous month to reach 5550
million barrels – a level that is 556 million barrels higher than a year ago.
Strategic inventories in OECD-34, South Africa and China increased
by 3 million barrels comparing with the previous month to reach 1858
million barrels – a level that is 63 million barrels higher than a year ago.
Total world inventories, at the end of July 2015 were at 8507 million
barrels, representing an increase of 91 million barrels comparing with the
previous month, and an increase of 695 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 2015.
Figure - 8
Changes in Global Inventories at the End of July 2015
(Million bbl)