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China Stock Movements - September 2015

Source: OPEC 10/4/2015, Location: Asia

The latest information for China showed an increase in total commercial oil inventories of 8.9 mb in July to stand at 420.9 mb, which was around 13.6 mb above the previous year at the same time. Within the components, both commercial crude and product stocks rose, by 3.7 mb and 5.2 mb, respectively.

At 252.7 mb, commercial crude stocks represented a deficit of around 7.6 mb over the same period one year earlier. The build in crude oil commercial stocks could be attributed to higher crude oil imports, which increased by 55,000 b/d to average 7.3 mb/d. A slight increase in crude oil output also contributed to this build. However, the increase in refinery crude runs in China limited a further build in commercial crude oil inventories.

Total product stocks in China also rose by 5.2 mb, ending July at 168.2 mb, which was 21.2 mb higher than a year ago at the same time. Within the products, the total build came from diesel inventories. Diesel stocks rose by 5.3 mb to end July at 95.9 mb, representing a surplus of 26.2 mb above a year ago at the same time. The build in diesel inventories could be attributed to lower demand reflecting poor construction activities. Gasoline rose slightly by 0.1 mb to 56.5 mb, ending July at 56.6 mb, while kerosene inventories fell 0.2 mb to finish July at 15.8 mb.

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

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


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