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Crude oil inventory: Discover crude oil supply & demand
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Discover crude oil supply & demand analysis and oil inventories data in one complete solution. Trusted by over 10,000 organisations worldwide. Book your free demo today. Get crude oil prices in realtime, including live charts for WTI, crude oil futures prices, historical data, news & analysis. Crude oil inventories refer to the stockpiles of oil held by companies and governments, influencing global supply, demand, and market prices. Global oil inventories are grouped into three major components. The first includes OECD commercial oil stocks and Strategic Petroleum Reserves (SPRs), with inventory data sourced from OECD national government reports. The second includes non-OECD commercial inventories and SPRs, which have grown in significance since non-OECD oil demand surpassed that of the OECD in 2015, now making up about 56% of global oil demand. However, tracking non-OECD inventory levels remains challenging due to the ...
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