Slides - IEA
Slides - IEA
Slides - IEA
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mb<br />
180<br />
175<br />
170<br />
165<br />
160<br />
155<br />
150<br />
Pacific Commercial Oil Inventories<br />
rose both in April and May<br />
OECD Pacific Crude Oil Stocks<br />
Jan Mar May Jul Sep Nov Jan<br />
Range 2007-2011 Avg 2007-2011<br />
2011 2012<br />
mb<br />
130<br />
120<br />
110<br />
100<br />
90<br />
80<br />
Source: PAJ<br />
Japan Weekly Crude Stocks<br />
Jan Apr Jul Oct<br />
Range 2007-11<br />
2011 5-yr Average<br />
2012<br />
• Commercial oil inventories in the OECD Pacific surged by<br />
23.8 mb to 401 mb in April<br />
• They now stand closer to historical norms in both absolute and<br />
forward cover terms, after nearly a year of relative tightness<br />
• Crude holdings increased by 11.6 mb to 166 mb and product stocks<br />
increased by 6.3 mb to 159 mb<br />
• May Japanese industry oil stocks surged by 14.1 mb<br />
• Crude stocks rose sharply by 10.7 mb while product holdings rose by<br />
2.7 mb<br />
© OECD/<strong>IEA</strong> - 2012<br />
Source: <strong>IEA</strong> Oil Market Report<br />
13
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