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Inventories: Commercial Product Stocks Draw to Fresh Lows

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Inventories of refined products are getting tighter than they have been for years, preliminary March data shows. World commercial product stocks were 70 million barrels lower by the end of March 2025 compared to March 2024, split into 40 million bbl for non-OECD and 30 million bbl for OECD. Forward cover for oil products was 28.7 days, the lowest since March 2019. On the year, this is an average draw of 190,000 barrels per day in refined products.

Topics:
Oil Inventories, Crude Oil, Oil Prices, Oil Products
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