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Petroleum Devolopments
Europe
decreased by 1 million barrels to reach 965 million barrels, of
which 344 million barrels of crude and 621 million barrels of oil products.
Commercial oil inventories in Pacific
decreased by 4 million barrels to
reach 435 million barrels, of which 198 million barrels of crude and 237
million barrels of oil products.
In the rest of the world
, commercial oil inventories increased
by
16 million barrels to reach 2771 million barrels, and the
Inventories at sea
increased by 29 million barrels to reach 1120 million barrels.
As a result,
Total Commercial oil inventories
in November 2015
increased by 16 million barrels comparing with the previous month to
reach 5752 million barrels – a level that is 566 million barrels higher than
a year ago.
Strategic inventories
in OECD-34, South Africa and China remained
stable at the same previous month level of 1853 million barrels – a level
that is 39 million barrels higher than a year ago.
Total world inventories
, at the end of November 2015 were at 8726
million barrels, representing an increase of 44 million barrels comparing
with the previous month, and an increase of 683 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 November 2015.
Figure - 8
Changes in Global Inventories at the End of November 2015
(Million bbl)