China Stock Movements in December 2014

Source: OPEC 12/28/2014, Location: Asia

The latest information for October showed that Chinese total commercial oil inventories fell by 9.8 mb to stand at 391.3 mb, which was 23.2 mb above last year at the same time. Within the components, both commercial crude and product stocks fell by 1.9 mb and 7.9 mb, respectively. At 265.1 mb, commercial crude stocks represented a surplus of around 27 mb when compared to the same period a year earlier. The stock draw came mainly from lower imports, which decreased by around 1.0 mb/d in October from the previous month to stand at 5.7 mb/d. Total product stocks in China also went down by 7.9 mb in October for the fourth consecutive month to stand at 126.2 mb, which was 3.8 mb below a year ago at the same time. The decline could be attributed to higher Chinese demand in October, combined with lower refinery output. All products declined with the bulk coming from gasoline and diesel, which went down by 3.2 mb and 2.9 mb to stand at 55.8 mb and 56.3 mb, respectively. Kerosene inventories indicated a drop of 1.7 mb, ending October at 14.0 mb


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Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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