OPEC MOMR August 2017
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Appendix

94

OPEC Monthly Oil Market Report – August 2017

Table 13 - 3: OECD oil stocks and oil on water at the end of period

2014 2015 2016 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17

Closing stock levels, mb

OECD onland commercial

2,704 2,986 2,985 2,878 2,954 2,986 3,014 3,054 3,061 2,985 3,029 3,033

Americas

1,414 1,561 1,600 1,508 1,542 1,561 1,589 1,609 1,617 1,600 1,608 1,607

Europe

885 990 971

940 967 990 1,004 1,007 994 971 1,018 1,009

Asia Pacific

405 435 415

430 445 435 421 438 450 415 403 418

OECD SPR

1,580 1,587 1,598 1,585 1,579 1,587 1,593 1,591 1,594 1,598 1,598 1,593

Americas

693 697 697

696 697 697 697 697 697 697 694 687

Europe

470 473 480

471 467 473 477 473 476 480 482 483

Asia Pacific

417 416 421

418 415 416 419 421 421 421 422 423

OECD total

4,285 4,573 4,583 4,463 4,533 4,573 4,608 4,645 4,655 4,583 4,627 4,626

Oil-on-water

924 1,017 1,102

916 924 1,017 1,055 1,094 1,068 1,102 1,043 1,057

Days of forward consumption in OECD, days

OECD onland commercial

58 64 64

61 63 64 65 64 65 64 65 64

Americas

58 64 65

60 62 64 64 64 65 65 65 64

Europe

65 71 70

65 69 71 71 69 70 70 72 69

Asia Pacific

47 51 48

55 54 51 55 56 54 48 53 54

OECD SPR

34 34 34

34 33 34 34 33 34 34 34 33

Americas

28 28 28

28 28 28 28 28 28 28 28 27

Europe

34 34 35

32 33 34 34 32 34 35 34 33

Asia Pacific

49 49 49

54 50 49 55 54 51 49 55 54

OECD total

92 97 98

94 96 97 99 98 98 98 99 97

Sources: Argus Media, Euroilstock, IEA, JODI, METI, OPEC Secretariat and US Energy Information Administration.