OPEC Secretary General assessed oil reserves of developed countries – Rambler / finance



The oil reserves of the Organization for Economic Cooperation and Development (OECD) member countries are now 160 million barrels above the five-year average, OPEC Secretary General Mohammed Barkindo said at the Gulf Intelligence Forum.

“OECD reserves exceed the five-year average by 160 million barrels, despite the decline we have seen since last fall,” Barkindo said when asked about OECD oil reserves.

Bringing commercial reserves of oil and petroleum products in the world to the average five-year level was designated as the goal of the OPEC + deal. Of all the stocks, the parties to the agreement track stocks in OECD countries most actively.

As reported in a December report by the International Energy Agency, in October, commercial stocks of oil and petroleum products in the OECD fell 55.3 million barrels (1.78 million barrels per day) on a monthly basis, to 3.129 billion barrels, and 183.4 million barrels exceeded the five-year average.

Video of the day. Interregional housing demand has skyrocketed

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The oil reserves of the Organization for Economic Cooperation and Development (OECD) member countries are now 160 million barrels above the five-year average, OPEC Secretary General Mohammed Barkindo said at the Gulf Intelligence Forum.

“OECD reserves exceed the five-year average by 160 million barrels, despite the decline we have seen since last fall,” Barkindo said when asked about OECD oil reserves.

Bringing commercial reserves of oil and petroleum products in the world to the average five-year level was designated as the goal of the OPEC + deal. Of all the stocks, the parties to the agreement track stocks in OECD countries most actively.

As reported in a December report by the International Energy Agency, in October, commercial stocks of oil and petroleum products in the OECD fell 55.3 million barrels (1.78 million barrels per day) on a monthly basis, to 3.129 billion barrels, and 183.4 million barrels exceeded the five-year average.

Video of the day. Interregional housing demand has skyrocketed

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The oil reserves of the Organization for Economic Cooperation and Development (OECD) member countries are now 160 million barrels above the five-year average, OPEC Secretary General Mohammed Barkindo said at the Gulf Intelligence Forum.

“OECD reserves exceed the five-year average by 160 million barrels, despite the decline we have seen since last fall,” Barkindo said when asked about OECD oil reserves.

Bringing commercial reserves of oil and petroleum products in the world to the average five-year level was designated as the goal of the OPEC + deal. Of all the stocks, the parties to the agreement track stocks in OECD countries most actively.

As reported in a December report by the International Energy Agency, in October, commercial stocks of oil and petroleum products in the OECD fell 55.3 million barrels (1.78 million barrels per day) on a monthly basis, to 3.129 billion barrels, and 183.4 million barrels exceeded the five-year average.

Video of the day. Interregional housing demand has skyrocketed




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