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Gas and diesel supply and demand balance in Portugal: Decrease in June 2018

According to updated data released by JODI Data, compared to the previous month the indicator fell sharply by 119.37%. Gas and diesel oil supply and demand balance went down strongly from -11.55 thousand barrels per day to 2.24 thousand barrels per day, in contrast to the prior month when it climbed by 40.76%. When examining the previous year, it can be announced that the variable was decreasing by -697 percent and hit -12.93 thousand barrels per day in June. When considering the year-on-year picture, a -117.31 percent decline can be diagnosed between June 2017 and the same month one year later. The overall changes for the previous 9 years reached a diminution of 171.68%. Furthermore, the gas and diesel oil supply and demand balance is now higher than its average which equals -2.84 thousand barrels per day with a overall stagnancy since the start of observations. It attained its all-time high of 18.53 thousand barrels per day in January 2016 and record low of -52.7 thousand barrels per day in December 2013.

Gas and diesel supply and demand balance in Portugal: Decrease in June 2018
Date Thousand Barrels Per Day Variation
Jun. 2018 2.24 -119.37
May. 2018 -11.55 40.76
Apr. 2018 -8.21 -24.22
Mar. 2018 -10.83 6.96
Feb. 2018 -10.12 91.24
Jan. 2018 -5.29 -257.14
Dec. 2017 3.37 -223.18
Nov. 2017 -2.73 278.81
Oct. 2017 -0.722 -93.69
Sep. 2017 -11.44 25.1

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