Slides - IEA
Slides - IEA
Slides - IEA
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OECD Commercial Oil Inventories<br />
Rose both in April and May<br />
mb<br />
2,850<br />
2,750<br />
2,650<br />
2,550<br />
2,450<br />
OECD Total Oil Stocks<br />
Jan Mar May Jul Sep Nov Jan<br />
Range 2007-2011 Avg 2007-2011<br />
2011 2012<br />
days<br />
63<br />
61<br />
59<br />
57<br />
55<br />
53<br />
51<br />
OECD Total Oil Stocks Days of<br />
Forward Demand<br />
Jan Mar May Jul Sep Nov Jan<br />
Range 2007-2011 Avg 2007-2011<br />
2011 2012<br />
© OECD/<strong>IEA</strong> - 2012<br />
• April OECD industry oil stocks rose by 17.3 mb to 2 649 mb,<br />
in line with the five-year average increase of 19.4 mb<br />
• OECD commercial oil stocks have now narrowed the apparent deficit to<br />
the five-year average<br />
• Days of forward demand cover fell by 0.1 day to 59.4 days, 1.9 days<br />
above the five-year average<br />
• Crude inventories increased by 21.6 mb to 983 mb while product<br />
holdings fell by 9.6 mb to 1 352 mb<br />
• Preliminary data indicate a 20.1 mb increase in May OECD<br />
industry inventories<br />
10<br />
Source: <strong>IEA</strong> Oil Market Report
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