92 / 97
90
OPEC Monthly Oil Market Report – June 2016
Table 10.5: OECD oil stocks and oil on water at the end of period
2012 2013 2014 2015 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16
Closing stock levels, mb
OECD onland commercial
2,683 2,589 2,738 3,015 2,681 2,749 2,738 2,814 2,907 2,982 3,015 3,044
Americas
1,365 1,316 1,446 1,591 1,387 1,416 1,446 1,483 1,537 1,572 1,591 1,621
Europe
912 881 886 989
889 898 886 939 940 966 989 1,005
Asia Pacific
405 392 405 435
405 436 405 392 430 445 435 419
OECD SPR
1,547 1,584 1,580 1,587 1,580 1,578 1,580 1,583 1,585 1,579 1,587 1,592
Americas
696 697 693 697
692 693 693 693 696 697 697 697
Europe
436 470 470 473
469 469 470 470 471 467 473 476
Asia Pacific
415 417 417 416
419 417 417 420 418 415 416 419
OECD total
4,230 4,174 4,318 4,602 4,261 4,328 4,318 4,397 4,492 4,561 4,602 4,636
Oil-on-water
879 909 924 1,017
914 952 924 864 916 924 1,017 1,055
Days of forward consumption in OECD
OECD onland commercial
58 57 58 57
58 59 59 62 62 64 65 67
Americas
55 55 57 54
57 58 60 61 62 64 65 66
Europe
68 66 67 65
64 67 66 69 66 71 73 74
Asia Pacific
48 46 49 48
53 52 46 51 56 54 50 55
OECD SPR
34 33 34 35
34 34 34 35 34 34 34 35
Americas
30 29 29 29
28 28 29 29 28 29 29 29
Europe
30 31 32 35
34 35 35 35 33 34 35 35
Asia Pacific
50 49 50 51
54 50 48 54 55 50 48 55
OECD total
92 90 92 91
93 93 93 97 97 98 99 102
Sources: Argus Media, Euroilstock, IEA, JODI, METI, OPEC Secretariat and US Energy Information Administration.