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Fuel oil supply and demand balance in Egypt drops in June 2018

Compared to the prior month fuel oil supply and demand balance declined greatly by 96.11%, according to figures released by JODI Data. Fuel oil supply and demand balance sharply diminished from 27.85 thousand barrels per day to 1.08 thousand barrels per day, as it follows the tendency of the previous month when it fell by 24.73 percent. The data attained 27.48 thousand barrels per day in June 2017, which is a -8.23% shift in comparison to the prior month of 2017. Between June 2017 and June of the year after, the numbers display a -96.06% change. The overall changes for the prior 9 years reached a decrease of 52.97%. Likewise, the fuel oil supply and demand balance is now below average of 14.71 thousand barrels per day with a overall drop since the start of observations. It hit its all-time high of 95.27 thousand barrels per day in May 2015 and record low of -58.42 thousand barrels per day in November 2015.

Fuel oil supply and demand balance in Egypt drops in June 2018
Date Thousand Barrels Per Day Variation
Jun. 2018 1.08 -96.11
May. 2018 27.85 -24.73
Apr. 2018 37.00 167.74
Mar. 2018 13.82 198.08
Feb. 2018 4.64 -85.62
Jan. 2018 32.25 -17.65
Dec. 2017 39.16 103.33
Nov. 2017 19.26 253.73
Oct. 2017 5.44 -120.13
Sep. 2017 -27.05 -265.6

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