Commercial oil inventories in OECD countries retreat in September

13/11/2023 Argaam
Oil tanks

Oil tanks

Total commercial oil inventories in the Organisation for Economic Co-operation and Development (OECD) countries declined by 15.6 million barrels on a monthly basis to 2.78 billion barrels in September, the OPEC's monthly report issued today, Nov. 13, showed.

 

This marked a downturn compared to the latest five-year average of about 118 million barrels. It is also 184 million barrels less than the 2015-2019 average.
 
Preliminary data indicated that US commercial oil inventories shed 9.1 million barrels month-on-month in September to 1.26 billion barrels, which is about 32 million barrels above the September 2022 reading, but 20.6 million barrels less than the average of the previous five years.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.