MOSCOW (Pakistan Point News / Sputnik - 10th April, 2019) The commercial oil stocks of the Organisation for Economic Co-operation and Development (OECDD) in February were about 7.5 million barrels higher than the latest five-year average, the Organization of the Petroleum Exporting Countries (OPEC) said Wednesday in its monthly report.
"Preliminary data for February showed that total OECD commercial oil stocks fell by 18.3 mb m-o-m to stand at 2,863 mb. This was 7.0 mb higher than the same time one year ago, and around 7.5 mb above the latest five-year average," the report read.
