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Volume
44
Issue
1
47
Commercial oil inventories in Americas decreased by 28 million barrels to
reach1551millionbarrels, ofwhich626millionbarrels of crude and925million
barrels of oil products. Commercial oil Inventories in Europe decreased by 11
million barrels to reach 957 million barrels, of which 339 million barrels of
crude and 618 million barrels of oil products. And commercial oil inventories
in Pacific decreased by 1 million barrels to reach 432 million barrels, of which
186 million barrels of crude and 246 million barrels of oil products.
In the rest of the world, commercial oil inventories decreased by 35
million barrels to reach 2734 million barrels, whereas the Inventories at sea
increased by 25 million barrels to reach 1169 million barrels.
As a result, Total Commercial oil inventories in October 2017 decreased
by 75 million barrels to reach 5674 million barrels – a level that is 97 million
barrels lower than a year ago.
Strategic inventories in OECD-34, South Africa and China decreased by 4
million barrels to reach 1854 million barrels – a level that is 16 million barrels
lower than a year ago
Total world inventories, at the end of October 2017 were at 8697 million
barrels, representing a decrease of 54 million barrels comparing with the
previous month, and a decrease of 151 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 October 2017.
Figure - 8
Changes in Global Inventories at the End of October 2017
(Million bbl)