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China Stock Movements in September 2014

Source: OPEC 9/15/2014, Location: Asia

The latest information for July showed that Chinese total oil commercial inventories rose by 11.7 mb, reversing the drop of last month. At 407.3 mb, Chinese inventories were 35 mb above last year at the same time. Within the components, commercial crude rose by 14.3 mb, while product inventories fell by 2.6 mb. At 260.3 mb, crude commercial stocks represented a surplus of 18.0 mb when compared to the same period a year earlier. The build came mainly from lower crude runs, however, lower domestic crude production limited a further build in crude commercial stocks.

In contrast, total product stocks in China went down by 2.6 mb in July to stand at 147.0 mb, reversing the build of the last month. At this level, Chinese product stocks were 6.2 mb below a year ago at the same time. The fall could be attributed to lower refinery output. Within products, gasoline inventories fell by 0.7 mb to stand at 62.5 mb; kerosene stocks also fell by 1.1 mb, ending the month of July at 14.9 mb; and diesel inventories indicated a drop of 0.7 mb to stand at 69.6 mb.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  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 


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