Slides - IEA
Slides - IEA
Slides - IEA
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North American Industry Oil Inventories<br />
Rose fell in April but increased in May<br />
© OECD/<strong>IEA</strong> - 2012<br />
mb OECD North America Total Oil Stocks mb US Weekly Cushing Crude Stocks<br />
1,444<br />
1,394<br />
1,344<br />
1,294<br />
1,244<br />
1,194<br />
Jan Mar May Jul Sep Nov Jan<br />
Range 2007-2011 Avg 2007-2011<br />
2011 2012<br />
50<br />
45<br />
40<br />
35<br />
30<br />
25<br />
20<br />
15<br />
10<br />
Source: EIA<br />
Jan Apr Jul Oct<br />
Range 2007-11<br />
2011<br />
5-yr Average<br />
2012<br />
• April North American industry oil stocks fell by 3.8 mb to<br />
1 325 mb in contrast with a seasonal build of 15.3 mb<br />
• Crude oil holdings rose by 13.9 mb while refined product inventories<br />
plummeted by 16.5 mb<br />
• US oil inventories increased by 17.3 mb in May<br />
• Crude oil and refined product holdings rose by 7.7 mb and 9.7 mb,<br />
respectively<br />
• Crude levels at Cushing rose by 4.5 mb to a new record high of<br />
47.8 mb<br />
Source: <strong>IEA</strong> Oil Market Report<br />
11
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