Insight
Seasonality of stock changes
Report summary
Stock builds in early 2015 and 2016 has overshadowed a stronger than average draw for the last four months as the oil price correction could be entering a third phase of crude and product stock draws. One sign of a balancing oil market is a decline in the days of demand covered by oil stock inventories. The US may not return to its historical days of coverage because: (1) US produced barrels show up sooner in working inventory, and thus days of coverage, earlier than barrels on waterborne tankers and (2) removal of US crude oil export ban could inflate stocks held due to a storage cost advantage and ability to re-export.
Table of contents
- Seasonality of stock changes
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Insight
Global upstream fiscal terms database
In this easy-to-use Excel workbook we summarise over 150 countries’ fiscal terms for the latest exploration opportunities.
$1,350
Insight
Upstream fiscal systems in brief
The upstream fiscal systems in brief provides the Wood Mackenzie view on all of the key fiscal events as they unfold.
$1,350
Commodity Market Report
North America gas weekly update: LNG underperformance ending
Welcome back Freeport LNG
$1,700