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Crude oil stock change in Papua New Guinea: Drop in June 2018

According to figures released by JODI Data, in comparison with the prior month the indicator dropped greatly by 189.05%. The variable strongly fell from -426.31 thousand barrels to 379.61 thousand barrels, as it follows the tendency of the previous month when it declined by 222.55 percent. In June of the year before, the indicator decreased by -3.2% and reached 401.19 thousand barrels. When taking into account the year-on-year situation, a -5.38 percent decline can be diagnosed between June 2017 and June 2018. Papua New Guinea saw a drop of 191.23% in crude oil stock change over the past 9 years. Likewise, the crude oil stock change is now above average of 16.54 thousand barrels with a overall increase since the start of observations. It hit its all-time high of 2 327.48 thousand barrels in June 2016 and record low of -580.06 thousand barrels in March 2009.

Crude oil stock change in Papua New Guinea: Drop in June 2018
Date Thousand Barrels Variation
Jun. 2018 379.61 -189.05
May. 2018 -426.31 -222.55
Apr. 2018 347.87 -453.35
Mar. 2018 -98.45 -240.21
Feb. 2018 70.21 -127.58
Jan. 2018 -254.60 2.49
Dec. 2017 -248.43 -18.16
Nov. 2017 -303.57 -418.07
Oct. 2017 95.44 -70.06
Sep. 2017 318.78 -290.51

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