The total oil and and petroleum products reserves in the Organization for Economic Co-operation and Development (OECD) countries, which include commercial and state reserves, have increased by 5,4 million barrels in May, but are below the five-year average, the International Energy Agency (IEA) said in a report on Thursday, APA reports citing the source.
"In May, OECD industry stocks rose by 5.4 mb to 2 824 mb, 92.2 mb below the five-year average. In terms of forward demand, end-month inventories covered 60.4 days, 0.7 days less than the previous month but 2.9 days more than a year ago," the report read.