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Volume
44
Issue
7
21
In the rest of the world, commercial oil inventories increased by 34 million
barrels to reach 2790 million barrels, whereas the Inventories at sea decreased by
11 million barrels to reach 1172 million barrels.
As a result, Total Commercial oil inventories in April 2018 increased by 32 million
barrels to reach 5600 million barrels – a level that is 177 million barrels lower than
a year ago.
Strategic inventories in OECD-34, South Africa and China decreased by 3 million
barrels comparing with the previous month to reach 1852 million barrels – a level
that is 27 million barrels lower than a year ago
Total world inventories, at the end of April 2018 were at 8623 million barrels,
representing an increase of 17 million barrels comparing with the previous
month, and a decrease of 224 million barrels comparing with the same month
a year ago.
Table (9)
in the annex and
figure (8)
show the changes in global inventories
prevailing at the end of April 2018.
Figure - 8
Changes in Global Inventories at the End of April 2018
(Million bbl)