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Crude oil closing stocks in Papua New Guinea: Increase in June 2018

According to new statistics published by JODI Data, crude oil closing stocks strongly increased by 221.98% compared to the previous month. The variable climbed sharply by 385.61 thousand barrels, versus the prior month when it fell by 69.98 percent. In 2017, this shift hit 57.72 percent and the crude oil closing stocks reached 1 095.25 thousand barrels in June 2017. When examining the year-on-year setting, a -48.93% decrease can be diagnosed between June 2017 and the same month one year later. The overall changes for the previous 11 years attained a raise of 170.5%. Furthermore, the crude oil closing stocks is now greater than its average which equals 435.75 thousand barrels with a modest overall increase since the start of time series. It hit its all-time high of 1 095.25 thousand barrels in June 2017 and record low of 25.8 thousand barrels in April 2017.

Crude oil closing stocks in Papua New Guinea: Increase in June 2018
Date Thousand Barrels Variation
Jun. 2018 559.32 221.98
May. 2018 173.71 -69.98
Apr. 2018 578.66 149.8
Mar. 2018 231.65 -29.35
Feb. 2018 327.88 35.99
Jan. 2018 241.11 -51.42
Dec. 2017 496.35 -33.05
Nov. 2017 741.36 -28.94
Oct. 2017 1 043.29 10.07
Sep. 2017 947.81 50.56

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