Gulf Oil and Gas accountACCOUNT

OECD Americas Stock Movements - April 2017

Source: OPEC 5/4/2017, Location: North America

Share |
Total commercial stocks in OECD Americas fell by 10.8 mb in February to stand at 1,611 mb, 31.5 mb above a year ago and 230 mb higher than the seasonal norm. Within the components, crude rose by 23.9 mb, while product stocks fell by 34.7 mb.

At the end of February, commercial crude oil stocks in OECD Americas rose, ending the month at 881 mb, which is 67 mb above the same time one year ago and 192 mb above the latest five-year average. The build in OECD Americas commercial crude stocks could be attributed to lower US crude throughput, which decreased by more than 800 tb/d to average 15.6 mb/d amid refinery maintenance. Higher US crude domestic production also supported this build; however, lower US crude imports limited a further build in crude oil stocks.

By contrast, commercial product stocks in OECD Americas fell by 34.7 mb in February, the sixth consecutive monthly drop, to stand at 730 mb. At this level, they are 35.4 mb less than the same time one year ago, but 37 mb higher than the seasonal norm. Higher demand, combined with lower refinery output, could be behind the drop in OECD America product stocks.

Investment News in United States >>

Norway >>  11/16/2017 - Preliminary data for September showed that total European stocks fell by 11.8 mb reversing the build of last two months. At 1,133 mb, European stocks ...
Austria >>  11/13/2017 - OECD commercial oil stocks fell by 23.6 mb in September to stand at 2,985 mb, which was around 154 mb above the latest five-year average. Crude and p...

Netherlands Antilles >>  11/13/2017 - Further to the announcement on November 13, 2017, Royal Dutch Shell plc (“Shell”) confirms that, following strong demand from institutional investors,...
Saudi Arabia >>  11/9/2017 - Saudi Aramco signed agreements with several oil and gas service contractors for oil and gas megaprojects designed to enhance the company’s energy sust...

United States >>  11/9/2017 - China Energy Investment Corp, the world’s largest power company by asset value, has signed a memorandum of understanding (MOU) to invest $83.7 billion...
Austria >>  11/8/2017 - Open interest (OI) increased in September for selected US commodity futures markets such as precious metals and crude oil, while it declined for natur...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


United States Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 |

More News

 

Oil & Gas Companies in United States >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.