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Petroleum Devolopments
Volume 41 Issue 12
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decreased by 1 million barrels to reach 961 million barrels, of which 342
million barrels of crude and 619 million barrels of oil products. Commercial
oil inventories in Pacific remained stable at the same previous month level
of 449 million barrels, of which 207 million barrels of crude and 242
million barrels of oil products.
In the rest of the world, commercial oil inventories increased by 19
million barrels to reach 2732 million barrels, whereas the Inventories at sea
decreased by 19 million barrels to reach 1070 million barrels.
As a result, Total Commercial oil inventories in September 2015
increased by 32 million barrels comparing with the previous month to
reach 5720 million barrels – a level that is 576 million barrels higher than
a year ago.
Strategic inventories in OECD-34, South Africa and China remained
stable at the same previous month level of 1856 million barrels – a level
that is 36 million barrels higher than a year ago.
Total world inventories, at the end of September 2015 were at 8646
million barrels, representing an increase of 13 million barrels comparing
with the previous month, and an increase of 630 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 September 2015.
Figure - 8
Changes in Global Inventories at the End of September 2015
(Million bbl)