33.4 C
Delhi
Saturday, July 5, 2025

Total OECD oil stocks in Dec hit record low first time since 2004 – IEA

Date:

Share post:

Donate-GC-Razorpay

Moscow: The total oil and and petroleum products reserves in the Organization for Economic Co-operation and Development (OECD) countries, which include commercial and state reserves, fell to the lowest since April 2004, amounting to 3.977 billion barrels in December, the International Energy Agency (IEA) said in a report on Wednesday.

“Total OECD inventories, including government stocks, fell to 3,977 mb, their lowest since April 2004,” the report said.

The IEA added that OECD commercial reserves decreased by 18.1 million barrels in December, to 2.767 billion barrels.

“OECD industry stocks fell by 18.1 mb in December to 2 767 mb, 95.7 mb below the five-year average,” the report read.

Related articles

India and Israel – Allies in Innovation, Security, and Spirit: Reuven Azar

As the geopolitical landscape evolves and new alliances emerge, the relationship between India and Israel has stood out...

PM Modi reaches Trinidad & Tobago

Port of Spain/New Delhi: During the second leg of his five nation tour, Prime Minister Narendra Modi, reached...

PM Modi arrives in Port of Spain, welcomed by PM Kamala Persad Bissessar and entire cabinet

Port of Spain/New Delhi: Prime Minister Narendra Modi arrived in Port of Spain, on a two-day visit to...

From Accra With Dignity: India’s African Embrace Begins in Ghana

When Prime Minister Narendra Modi landed in Accra, Ghana, on a humid July morning in 2025, it wasn’t...