Oil Supply/Demand Report FY 2016 Published on Monday, 13 March 2017
SUPPLY Inventory December 2016 actual crudes and petroleum products inventory closed at 20,742 thousand barrels (MB) or 51-day supply equivalent; 37 days for crude oil and products in country stocks and 14 days in-transit. This was higher by 15.2 percent from FY 2015 level of 18,005 MB. FY December 2016 average inventory was recorded at 47 days, 38 days in country stock and 9 days in-transit. The government continued to enforce the Minimum Inventory Requirement (MIR)... Read more |
Oil Supply/Demand Report FY 1H 2016 Published on Friday, 16 September 2016
SUPPLY Inventory June 2016 actual crudes and petroleum products inventory closed at 19,888 thousand barrels (MB) or 50-day supply equivalent; 40 days for crude oil and products in country stocks and 10 days in-transit. This was higher by 14.4 percent from June 2015 level of 17,382 MB. YTD June 2016 average inventory was recorded at 45 days, 38 days in country stock and 7 days in-transit. The government continued to enforce the Minimum Inventory Requirement... Read more |