Gulf Oil and Gas accountACCOUNT

EU plus Norway Stock Movements - March 2017

Source: OPEC 3/23/2017, Location: Europe

Preliminary data for January shows European total stocks rose by 21.5 mb to stand at 1,150 mb, which is 17.9 mb, or 1.5%, lower than the same time a year ago, but remained 52.6 mb, or 4.8%, higher than the latest five-year average. Crude and product stocks rose by 15.0 mb and 6.4 mb, respectively.

European crude inventories rose in January to stand at 481.7 mb, which is 8.0 mb, or 1.6%, lower than the same period a year ago, but 20.0 mb, or 4.3%, higher than the seasonal norm. The drop in crude throughput by around 120 tb/d and higher domestic production in January were behind the build.

European products stocks rose by 6.4 mb to end January at 668.3 mb, which is 9.9 mb, or 1.5%, lower than the same time a year ago, yet 32.5 mb, or 5.1%, above the seasonal norm. Within products, gasoline and distillate stocks rose, while residual fuel oil witnessed a draw.

Gasoline stocks rose by 4.1 mb in January to stand at 122.1 mb, which is 2.4 mb, or 1.9%, below a year earlier, but 4.6 mb, or 3.9%, higher than the seasonal norm. Distillate stocks rose by 5.5 mb in January to stand at 449.7 mb, which is 0.9 mb, or 0.2%, higher than the same time one year ago and 42.4 mb, or 10.4%, above the latest five-year average. The build in distillate and gasoline stocks could be attributed to lower domestic demand as output for both products went down.

In contrast, residual fuel oil stocks fell by 3.1 mb in January to stand at 72.7 mb, which is 6.5 mb, or 8.2%, less than the same month a year ago and 10.2 mb, or 12.3%, lower than the latest five-year average.

Investment News in Norway >>

Egypt >>  12/4/2019 - Egypt inked an executive agreement with the International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IDB), to...
Romania >>  12/2/2019 - Reabold, the AIM investing company which focuses on investments in pre-cash flow upstream oil and gas projects, is pleased to announce that it has ful...

Russia >>  11/18/2019 - Today in Nizhny Novgorod President of LUKOIL Vagit Alekperov had a meeting with the Envoy of the Russian Federation President to the Volga Federal Dis...
Iran >>  4/20/2015 - Two British companies are gathering information about how to invest in Iran, managing-director of Iran Industries Investment Company said. ...

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 


Norway Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 |

More News

Related Links

Gulf Oil and Gas
Copyright 2019 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.