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Petrochemical feedstock closing stocks in Philippines climbs in May 2018

According to data released by JODI Data, refined oil products closing stocks sharply went up by 35.44 percent in comparison to the prior month. The variable greatly grew from 237 thousand barrels to 321 thousand barrels, in contrast to the prior month when it diminished by 10.57%. The figures hit 186 thousand barrels in May 2017, which is a -46.55 percent fluctuation in comparison with the prior month of the same year. Between May 2017 and the same month the year after, the numbers display a 72.58% variation. Philippines saw a increase of 115.44% in refined oil products closing stocks over the past 9 years. Furthermore, the refined oil products closing stocks is now smaller than its average which equals 369.09 thousand barrels with a strong overall raise since the start of time series. It reached its all-time high of 4 728 thousand barrels in May 2016 and record low of 135 thousand barrels in February 2012.

Petrochemical feedstock closing stocks in Philippines climbs in May 2018
Date Thousand Barrels Variation
May. 2018 321.00 35.44
Apr. 2018 237.00 -10.57
Mar. 2018 265.00 -9.86
Feb. 2018 294.00 12.64
Jan. 2018 261.00 -44.47
Dec. 2017 470.00 64.34
Nov. 2017 286.00 -38.1
Oct. 2017 462.00 54
Sep. 2017 300.00 -10.71
Aug. 2017 336.00 1.51

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