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Crude oil stock change in China drops in May 2018

JODI Data reported that the variable fell sharply by 258.47% in comparison with the prior month. The indicator strongly went down from -484 thousand tonnes to 767 thousand tonnes, in contrast to the previous month when it went up by 47.11%. When considering 2017, it can be announced that the variable was going down by -163.83% and reached 90 thousand tonnes in May. To sum up, the indicator was 752.22 percent higher in May 2017 than in the same month in 2018. China saw a diminution of 38.44% in crude oil stock change during the last 9 years. As well as the crude oil stock change is now greater than its average which equals 426.67 thousand tonnes with a slight overall drop since the start of time series. It hit its all-time high of 3 065 thousand tonnes in June 2012 and record low of -1 923 thousand tonnes in December 2015.

Crude oil stock change in China drops in May 2018
Date Thousand Tonnes Variation
May. 2018 767.00 -258.47
Apr. 2018 -484.00 47.11
Mar. 2018 -329.00 174.17
Feb. 2018 -120.00 -9.77
Jan. 2018 -133.00 -109.61
Dec. 2017 1 384.00 -174.13
Nov. 2017 -1 867.00 1205.59
Oct. 2017 -143.00 -77.59
Sep. 2017 -638.00 49.77
Aug. 2017 -426.00 -558.06

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