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INTERNATIONAL ENERGY AGENCY - OIL MARKET REPORT TABLES

13 JUNE 2018 1

TABLES Table 1: World Oil Supply And Demand

2015 2016 1Q17 2Q17 3Q17 4Q17 2017 1Q18 2Q18 3Q18 4Q18 2018 1Q19 2Q19 3Q19 4Q19 2019

OECD DEMANDAmericas 24.6 24.7 24.5 25.0 25.0 25.1 24.9 25.2 25.2 25.1 25.3 25.2 25.0 25.4 25.5 25.6 25.4Europe 13.8 14.0 13.9 14.3 14.7 14.4 14.3 14.1 14.3 14.7 14.5 14.4 14.1 14.5 14.9 14.6 14.5Asia Oceania 8.1 8.1 8.6 7.8 7.9 8.4 8.2 8.6 7.7 7.8 8.3 8.1 8.5 7.7 7.7 8.2 8.0

Total OECD 46.4 46.9 46.9 47.0 47.6 48.0 47.4 47.9 47.2 47.6 48.1 47.7 47.6 47.5 48.1 48.4 47.9

NON-OECD DEMANDFSU 4.6 4.7 4.5 4.7 5.0 4.8 4.7 4.6 4.8 5.0 4.9 4.8 4.6 4.8 5.1 5.0 4.9Europe 0.7 0.7 0.7 0.7 0.8 0.7 0.7 0.7 0.8 0.8 0.8 0.8 0.7 0.8 0.8 0.8 0.8China 11.6 11.8 12.2 12.6 12.2 12.6 12.4 12.7 12.9 12.5 13.1 12.8 13.0 13.3 13.0 13.5 13.2Other Asia 12.4 13.0 13.2 13.5 13.2 13.5 13.4 13.7 13.8 13.5 14.0 13.8 14.1 14.3 13.9 14.4 14.2Americas 6.7 6.6 6.4 6.5 6.7 6.5 6.5 6.4 6.5 6.6 6.6 6.5 6.4 6.6 6.7 6.7 6.6Middle East 8.4 8.3 8.1 8.5 8.7 8.0 8.3 7.9 8.6 8.9 8.2 8.4 8.1 8.6 9.0 8.3 8.5Africa 4.3 4.3 4.4 4.3 4.2 4.3 4.3 4.4 4.4 4.3 4.4 4.4 4.5 4.5 4.4 4.5 4.5

Total Non-OECD 48.6 49.2 49.5 50.9 50.7 50.5 50.4 50.5 51.7 51.5 52.0 51.4 51.6 52.9 52.8 53.2 52.6

Total Demand1 95.0 96.1 96.4 97.9 98.3 98.5 97.8 98.4 98.9 99.2 100.1 99.1 99.2 100.4 100.9 101.6 100.6

OECD SUPPLYAmericas4 20.0 19.5 19.9 19.8 20.2 21.2 20.3 21.7 21.9 22.3 22.8 22.2 23.2 23.1 23.6 24.0 23.5Europe 3.5 3.5 3.7 3.5 3.4 3.4 3.5 3.5 3.4 3.3 3.5 3.4 3.4 3.3 3.3 3.4 3.4Asia Oceania 0.5 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.5 0.5 0.5 0.5

Total OECD 23.9 23.4 24.0 23.7 24.0 25.0 24.2 25.7 25.7 26.0 26.7 26.0 27.0 26.9 27.4 27.9 27.3

NON-OECD SUPPLYFSU 14.1 14.2 14.4 14.3 14.3 14.4 14.4 14.5 14.5 14.3 14.4 14.4 14.6 14.6 14.6 14.7 14.6Europe 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1China 4.3 4.0 3.9 3.9 3.8 3.8 3.9 3.8 3.8 3.8 3.8 3.8 3.8 3.7 3.7 3.7 3.7Other Asia2 3.6 3.6 3.5 3.4 3.4 3.4 3.5 3.4 3.4 3.4 3.3 3.4 3.3 3.3 3.3 3.3 3.3Americas2,4 4.6 4.5 4.6 4.5 4.5 4.5 4.5 4.5 4.6 4.7 4.8 4.6 4.8 5.0 5.0 5.1 5.0Middle East 1.3 1.3 1.3 1.3 1.3 1.2 1.2 1.2 1.3 1.3 1.3 1.3 1.3 1.3 1.2 1.2 1.2Africa2 1.8 1.7 1.7 1.7 1.7 1.7 1.7 1.8 1.8 1.8 1.7 1.8 1.7 1.7 1.7 1.7 1.7

Total Non-OECD 29.7 29.3 29.5 29.3 29.2 29.3 29.3 29.3 29.5 29.3 29.4 29.4 29.6 29.7 29.7 29.8 29.7

Processing gains3 2.2 2.3 2.3 2.3 2.3 2.3 2.3 2.3 2.3 2.3 2.3 2.3 2.3 2.3 2.3 2.3 2.3

Global Biofuels 2.3 2.4 2.0 2.5 2.8 2.4 2.4 2.1 2.6 2.8 2.6 2.5 2.2 2.7 3.0 2.7 2.6

Total Non-OPEC Supply 58.1 57.4 57.7 57.8 58.3 59.0 58.2 59.4 60.1 60.5 61.0 60.3 61.2 61.7 62.3 62.8 62.0

OPECCrude 31.8 32.8 32.1 32.3 32.7 32.3 32.3 32.0NGLs 6.6 6.8 6.8 6.9 6.9 6.9 6.9 6.9 6.9 7.0 7.0 6.9 7.0 7.0 7.0 7.0 7.0Total OPEC 38.4 39.6 38.9 39.2 39.6 39.2 39.2 38.9

Total Supply4 96.5 97.0 96.7 97.0 97.9 98.2 97.4 98.3

STOCK CHANGES AND MISCELLANEOUSReported OECDIndustry 0.8 0.0 0.3 -0.2 -0.5 -1.3 -0.4 -0.5Government 0.0 0.0 0.0 -0.1 -0.1 -0.1 -0.1 0.1

Total 0.8 0.0 0.3 -0.3 -0.6 -1.4 -0.5 -0.4Floating storage/Oil in transit 0.3 0.1 -0.3 -0.3 -0.7 0.3 -0.3 -0.2Miscellaneous to balance5 0.4 0.7 0.2 -0.4 1.0 0.8 0.4 0.6

Total Stock Ch. & Misc 1.5 0.9 0.3 -1.0 -0.4 -0.3 -0.3 0.0

Memo items:Call on OPEC crude + Stock ch.6 30.4 32.0 31.8 33.3 33.1 32.6 32.7 32.0 31.9 31.7 32.1 31.9 31.0 31.7 31.6 31.8 31.61 Measured as deliveries from refineries and primary stocks, comprises inland deliveries, international marine bunkers, refinery fuel, crude for direct burning, oil from non-conventional sources and other sources of supply. Includes Biofuels.2 Other Asia includes Indonesia throughout. Latin America excludes Ecuador throughout. Africa excludes Angola, Gabon and Equatorial Guinea throughout. 3 Net volumetric gains and losses in the refining process and marine transportation losses.4 Comprises crude oil, condensates, NGLs, oil from non-conventional sources and other sources of supply.5 Includes changes in non-reported stocks in OECD and non-OECD areas.6 Equals the arithmetic difference between total demand minus total non-OPEC supply minus OPEC NGLs.

Table 1WORLD OIL SUPPLY AND DEMAND

(million barrels per day)

TABLES INTERNATIONAL ENERGY AGENCY - OIL MARKET REPORT

2 13 JUNE 2018

Table 1a: World Oil Supply And Demand: Changes From Last Month’s Table 1 2015 2016 1Q17 2Q17 3Q17 4Q17 2017 1Q18 2Q18 3Q18 4Q18 2018 1Q19 2Q19 3Q19 4Q19 2019

OECD DEMANDAmericas - - - - - - - 0.2 0.2 - - 0.1Europe - - - - - - - - -0.1 - - -Asia Oceania - - - - - - - - -0.1 - - -

Total OECD - - - - - - - 0.3 - - - 0.1

NON-OECD DEMANDFSU - - - - - - - - - - - -Europe - - - - - - - - - - - -China - - - - - - - - - - - -Other Asia - - 0.1 - - - - - - - - -Americas - - - - - - - - -0.1 -0.1 - -0.1Middle East - - 0.1 - - - - - - - - -Africa - - - - - - - - - - - -

Total Non-OECD - - 0.2 - - - - - -0.2 -0.1 -0.1 -0.1Total Demand - - 0.2 - - - - 0.2 -0.2 -0.1 -0.1 -

OECD SUPPLYAmericas - - - - - - - 0.1 0.2 0.2 0.1 0.1Europe - - - - - - - - - - - -Asia Oceania - - - - - - - - - - - -

Total OECD - - - - - - - 0.2 0.2 0.1 - 0.1

NON-OECD SUPPLYFSU - - - - - - - - - - - -Europe - - - - - - - - - - - -China - - - - - - - - - - - -Other Asia - - - - - - - - - - - -Americas - - - - - - - - - - - -Middle East - - - - - - - - - - - -Africa - - - - - - - - - - - -

Total Non-OECD - - - - - - - - - 0.1 0.1 -Processing gains - - - - - - - - - - - -

Global Biofuels - - 0.1 0.1 - 0.1 - 0.1 - - - -

Total Non-OPEC Supply - - 0.1 0.1 - 0.1 - 0.2 0.3 0.2 0.1 0.2

OPECCrude - - - - - - - -NGLs - - - - - - - - - - - -Total OPEC - - - - - - - -Total Supply - - 0.1 0.1 - 0.1 - 0.2

STOCK CHANGES AND MISCELLANEOUSREPORTED OECDIndustry - - - - - - - -0.1Government - - - - - - - -

Total - - - - - - - -0.1Floating storage/Oil in transit - - - - - - - -Miscellaneous to balance - 0.1 -0.1 0.1 - 0.1 - 0.1

Total Stock Ch. & Misc - 0.1 -0.1 0.1 - 0.1 - -

Memo items:Call on OPEC crude + Stock ch. - -0.1 0.1 -0.1 - -0.1 - - -0.5 -0.4 -0.2 -0.3When submitting their monthly oil statistics, OECD Member countries periodically update data for prior periods. Similar updates to non-OECD data can occur.

Table 1aWORLD OIL SUPPLY AND DEMAND: CHANGES FROM LAST MONTH'S TABLE 1



13 JUNE 2018 3

Table 2: Summary of Global Oil Demand 2016 1Q17 2Q17 3Q17 4Q17 2017 1Q18 2Q18 3Q18 4Q18 2018 1Q19 2Q19 3Q19 4Q19 2019

Demand (mb/d)Americas 24.74 24.47 24.96 24.98 25.09 24.88 25.16 25.24 25.11 25.26 25.19 25.04 25.38 25.49 25.58 25.37Europe 14.04 13.86 14.29 14.74 14.44 14.34 14.09 14.28 14.75 14.50 14.41 14.12 14.49 14.90 14.58 14.53Asia Oceania 8.12 8.56 7.76 7.90 8.43 8.16 8.61 7.66 7.77 8.31 8.09 8.46 7.68 7.74 8.24 8.03Total OECD 46.91 46.90 47.01 47.62 47.96 47.38 47.87 47.18 47.62 48.07 47.69 47.63 47.55 48.13 48.40 47.93Asia 24.75 25.45 26.13 25.39 26.11 25.77 26.38 26.75 26.03 27.09 26.56 27.13 27.62 26.94 27.96 27.42Middle East 8.25 8.06 8.49 8.67 7.96 8.30 7.93 8.55 8.87 8.24 8.40 8.12 8.63 8.96 8.29 8.50Americas 6.56 6.42 6.54 6.65 6.54 6.54 6.43 6.52 6.63 6.59 6.54 6.45 6.58 6.69 6.67 6.60FSU 4.67 4.45 4.69 4.95 4.81 4.73 4.60 4.77 5.01 4.87 4.82 4.62 4.79 5.05 4.95 4.86Africa 4.29 4.42 4.32 4.23 4.34 4.33 4.42 4.38 4.26 4.42 4.37 4.53 4.52 4.39 4.54 4.50Europe 0.71 0.71 0.74 0.75 0.75 0.74 0.73 0.76 0.76 0.77 0.75 0.74 0.76 0.78 0.78 0.76Total Non-OECD 49.24 49.50 50.91 50.65 50.50 50.40 50.49 51.74 51.55 51.98 51.45 51.60 52.90 52.81 53.20 52.64World 96.14 96.40 97.92 98.27 98.46 97.77 98.36 98.92 99.17 100.06 99.13 99.23 100.45 100.94 101.60 100.56

of which: US50 19.69 19.49 20.01 19.92 20.05 19.87 20.24 20.32 20.10 20.23 20.22 20.09 20.44 20.44 20.53 20.37Europe 5* 8.19 8.21 8.33 8.49 8.29 8.33 8.24 8.22 8.44 8.33 8.31 8.23 8.34 8.50 8.35 8.35

China 11.79 12.24 12.63 12.16 12.57 12.40 12.70 12.90 12.53 13.11 12.81 13.02 13.33 13.02 13.52 13.22Japan 4.03 4.33 3.64 3.69 4.12 3.94 4.33 3.49 3.58 3.96 3.84 4.17 3.47 3.48 3.84 3.74India 4.56 4.58 4.79 4.54 4.84 4.69 4.94 5.05 4.77 5.12 4.97 5.17 5.28 4.96 5.35 5.19

Russia 3.51 3.34 3.51 3.75 3.58 3.55 3.48 3.58 3.79 3.65 3.62 3.49 3.60 3.83 3.68 3.65Brazil 3.07 3.01 3.05 3.17 3.12 3.09 3.03 3.07 3.18 3.18 3.12 3.03 3.10 3.20 3.20 3.13

Saudi Arabia 3.26 2.88 3.35 3.57 3.08 3.22 2.88 3.39 3.66 3.22 3.29 3.06 3.50 3.68 3.19 3.36Canada 2.38 2.35 2.34 2.50 2.50 2.42 2.31 2.32 2.47 2.47 2.39 2.35 2.33 2.49 2.48 2.41

Korea 2.63 2.69 2.56 2.64 2.72 2.65 2.70 2.58 2.60 2.73 2.65 2.69 2.62 2.65 2.77 2.68Mexico 2.03 1.96 1.98 1.90 1.88 1.93 1.93 1.95 1.89 1.89 1.91 1.92 1.97 1.90 1.91 1.92

Iran 1.78 1.97 1.88 1.85 1.82 1.88 1.85 1.89 1.85 1.85 1.86 1.88 1.89 1.88 1.89 1.88Total 66.93 67.05 68.07 68.18 68.58 67.98 68.62 68.78 68.86 69.73 69.00 69.08 69.84 70.03 70.69 69.91

% of World 69.6% 69.6% 69.5% 69.4% 69.7% 69.5% 69.8% 69.5% 69.4% 69.7% 69.6% 69.6% 69.5% 69.4% 69.6% 69.5%

Annual Change (% per annum)Americas 0.8 -0.5 2.0 -0.3 1.0 0.6 2.8 1.1 0.5 0.7 1.3 -0.5 0.5 1.5 1.3 0.7Europe 1.5 1.9 2.6 2.1 1.8 2.1 1.7 -0.1 0.0 0.4 0.5 0.2 1.5 1.1 0.5 0.8Asia Oceania 0.8 -0.1 0.8 0.8 0.5 0.5 0.6 -1.3 -1.7 -1.4 -0.9 -1.7 0.3 -0.5 -0.8 -0.7Total OECD 1.0 0.3 2.0 0.6 1.1 1.0 2.1 0.3 0.0 0.2 0.7 -0.5 0.8 1.1 0.7 0.5Asia 3.3 3.1 4.2 4.5 4.8 4.1 3.6 2.4 2.5 3.8 3.1 2.8 3.2 3.5 3.2 3.2Middle East -1.4 3.0 1.1 -0.2 -1.6 0.5 -1.5 0.7 2.3 3.5 1.3 2.3 0.9 1.0 0.6 1.2Americas -2.3 -0.8 -0.6 -0.1 0.1 -0.3 0.2 -0.3 -0.4 0.7 0.0 0.3 1.0 1.0 1.2 0.9FSU 1.8 -1.2 3.8 2.1 0.0 1.2 3.4 1.8 1.0 1.3 1.9 0.5 0.4 0.9 1.6 0.9Africa 0.7 2.3 -0.4 1.3 0.4 0.9 0.0 1.5 0.6 1.9 1.0 2.7 3.1 3.1 2.7 2.9Europe 4.0 1.5 2.0 4.0 4.1 2.9 3.3 3.2 1.3 3.5 2.6 1.8 0.0 2.0 0.7 1.3Total Non-OECD 1.4 2.1 2.6 2.5 2.3 2.4 2.0 1.6 1.8 2.9 2.1 2.2 2.2 2.5 2.3 2.3World 1.2 1.2 2.3 1.6 1.7 1.7 2.0 1.0 0.9 1.6 1.4 0.9 1.5 1.8 1.5 1.4Annual Change (mb/d)Americas 0.19 -0.12 0.49 -0.07 0.25 0.14 0.69 0.27 0.13 0.17 0.31 -0.12 0.14 0.38 0.32 0.18Europe 0.21 0.26 0.36 0.30 0.25 0.30 0.23 -0.01 0.01 0.06 0.07 0.03 0.21 0.16 0.08 0.12Asia Oceania 0.06 -0.01 0.06 0.06 0.04 0.04 0.05 -0.10 -0.13 -0.12 -0.08 -0.15 0.02 -0.04 -0.07 -0.06Total OECD 0.46 0.14 0.91 0.29 0.54 0.47 0.97 0.16 0.00 0.11 0.31 -0.24 0.37 0.50 0.33 0.24Asia 0.79 0.75 1.05 1.09 1.19 1.02 0.93 0.62 0.64 0.98 0.79 0.75 0.86 0.92 0.87 0.85Middle East -0.12 0.23 0.09 -0.02 -0.13 0.04 -0.12 0.06 0.20 0.28 0.11 0.18 0.08 0.09 0.05 0.10Americas -0.15 -0.05 -0.04 -0.01 0.01 -0.02 0.01 -0.02 -0.03 0.05 0.00 0.02 0.06 0.07 0.08 0.06FSU 0.08 -0.05 0.17 0.10 0.00 0.06 0.15 0.08 0.05 0.06 0.09 0.02 0.02 0.04 0.08 0.04Africa 0.03 0.10 -0.02 0.05 0.02 0.04 0.00 0.07 0.02 0.08 0.04 0.12 0.14 0.13 0.12 0.13Europe 0.03 0.01 0.01 0.03 0.03 0.02 0.02 0.02 0.01 0.03 0.02 0.01 0.00 0.02 0.01 0.01Total Non-OECD 0.66 1.00 1.27 1.25 1.12 1.16 0.99 0.83 0.89 1.48 1.05 1.11 1.16 1.27 1.21 1.19World 1.13 1.13 2.18 1.54 1.66 1.63 1.96 0.99 0.90 1.59 1.36 0.87 1.53 1.77 1.54 1.43Revisions to Oil Demand from Last Month's Report (mb/d)Americas 0.00 0.00 0.00 0.00 0.00 0.00 0.24 0.20 -0.01 0.01 0.11Europe 0.00 0.00 0.00 0.00 0.00 0.00 0.03 -0.09 -0.01 -0.02 -0.02Asia Oceania 0.00 0.00 0.00 0.00 0.00 0.00 0.01 -0.12 -0.02 0.00 -0.03Total OECD 0.00 0.00 0.00 0.00 0.00 0.00 0.27 0.00 -0.05 -0.01 0.05Asia 0.01 0.08 0.01 -0.02 0.02 0.02 0.05 -0.08 -0.06 -0.05 -0.04Middle East -0.02 0.11 0.01 0.02 -0.02 0.03 0.00 -0.02 0.03 0.00 0.00Americas 0.00 -0.03 -0.03 -0.03 -0.03 -0.03 -0.03 -0.10 -0.06 -0.04 -0.06FSU 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.04 0.00 0.01 0.01Africa 0.00 0.00 0.01 0.00 0.01 0.01 -0.03 -0.02 -0.01 0.00 -0.02Europe 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Total Non-OECD -0.01 0.16 0.00 -0.02 -0.02 0.03 -0.03 -0.18 -0.10 -0.09 -0.10World -0.01 0.16 0.00 -0.02 -0.02 0.03 0.24 -0.18 -0.15 -0.10 -0.05Revisions to Oil Demand Growth from Last Month's Report (mb/d)World -0.01 0.13 0.00 0.02 0.00 0.04 0.08 -0.17 -0.12 -0.09 -0.08* France, Germany, Italy, Spain and UK

Table 2SUMMARY OF GLOBAL OIL DEMAND


4 13 JUNE 2018

Table 2a: OECD Regional Oil Demand

2016 2017 2Q17 3Q17 4Q17 1Q18 Jan 18 Feb 18 Mar 18 2 Feb 18 Mar 17

AmericasLPG and ethane 3.27 3.25 3.07 2.96 3.45 3.96 4.21 3.87 3.78 -0.10 0.50 Naphtha 0.35 0.34 0.36 0.34 0.33 0.28 0.27 0.29 0.28 -0.01 -0.09 Motor gasoline 11.10 11.08 11.30 11.36 11.01 10.71 10.41 10.51 11.19 0.68 0.08 Jet and kerosene 1.90 1.98 1.97 2.04 2.03 1.95 1.90 1.90 2.03 0.13 0.07 Gasoil/diesel oil 5.07 5.15 5.10 5.10 5.26 5.39 5.58 5.19 5.37 0.18 -0.04 Residual fuel oil 0.60 0.66 0.69 0.60 0.69 0.59 0.63 0.58 0.56 -0.02 -0.13 Other products 2.44 2.42 2.48 2.58 2.33 2.30 2.31 2.25 2.34 0.09 0.03

Total 24.74 24.88 24.96 24.98 25.09 25.16 25.32 24.57 25.55 0.97 0.42

EuropeLPG and ethane 1.21 1.19 1.17 1.14 1.17 1.31 1.28 1.32 1.34 0.02 0.14 Naphtha 1.11 1.19 1.10 1.18 1.22 1.21 1.31 1.26 1.08 -0.18 -0.13 Motor gasoline 1.90 1.91 1.98 2.01 1.88 1.82 1.73 1.87 1.86 -0.01 -0.01 Jet and kerosene 1.37 1.45 1.47 1.64 1.40 1.35 1.30 1.38 1.39 0.01 0.07 Gasoil/diesel oil 6.28 6.47 6.42 6.53 6.63 6.41 5.85 6.77 6.63 -0.14 0.10 Residual fuel oil 0.89 0.89 0.86 0.90 0.93 0.90 0.86 0.93 0.91 -0.02 0.02 Other products 1.28 1.24 1.30 1.34 1.21 1.09 1.03 1.10 1.13 0.03 0.01

Total 14.04 14.34 14.29 14.74 14.44 14.09 13.37 14.63 14.34 -0.29 0.20

Asia OceaniaLPG and ethane 0.83 0.79 0.77 0.74 0.78 0.87 0.86 0.89 0.86 -0.03 -0.01 Naphtha 1.96 2.09 1.98 2.05 2.17 2.09 2.14 2.19 1.95 -0.24 -0.18 Motor gasoline 1.55 1.55 1.53 1.62 1.57 1.51 1.46 1.54 1.55 0.01 0.00 Jet and kerosene 0.90 0.92 0.73 0.72 1.06 1.19 1.27 1.35 0.96 -0.38 -0.09 Gasoil/diesel oil 1.84 1.92 1.90 1.89 1.98 1.97 1.87 2.04 2.00 -0.03 0.02 Residual fuel oil 0.65 0.56 0.51 0.52 0.56 0.65 0.65 0.69 0.59 -0.10 0.00 Other products 0.40 0.34 0.34 0.35 0.31 0.33 0.36 0.31 0.33 0.03 -0.02

Total 8.12 8.16 7.76 7.90 8.43 8.61 8.62 9.00 8.25 -0.75 -0.27

OECDLPG and ethane 5.31 5.23 5.01 4.85 5.40 6.14 6.35 6.08 5.98 -0.10 0.62 Naphtha 3.42 3.61 3.44 3.57 3.72 3.58 3.72 3.73 3.30 -0.43 -0.39 Motor gasoline 14.55 14.54 14.81 15.00 14.46 14.04 13.60 13.91 14.59 0.68 0.07 Jet and kerosene 4.17 4.35 4.16 4.41 4.49 4.49 4.48 4.63 4.38 -0.25 0.05 Gasoil/diesel oil 13.20 13.54 13.42 13.52 13.87 13.76 13.30 14.00 14.01 0.01 0.08 Residual fuel oil 2.15 2.11 2.06 2.01 2.17 2.13 2.15 2.19 2.06 -0.13 -0.10 Other products 4.11 3.99 4.12 4.27 3.85 3.73 3.71 3.66 3.81 0.15 0.01

Total 46.91 47.38 47.01 47.62 47.96 47.87 47.31 48.20 48.13 -0.07 0.34 1 Demand, measured as deliveries from refineries and primary stocks, comprises inland deliveries, international bunkers and refinery fuel. It includes crude for direct burning, oil from non-conventional sources and other sources of supply. Jet/kerosene comprises jet kerosene and non-aviation kerosene. Gasoil comprises diesel, light heating oil and other gasoils. North America comprises US 50 states, US territories, Mexico and Canada. 2 Latest official OECD submissions (MOS).

Latest month vs.

Table 2aOECD REGIONAL OIL DEMAND1



13 JUNE 2018 5

Table 2b: Oil Demand in Selected OECD Countries

2016 2017 2Q17 3Q17 4Q17 1Q18 Jan 18 Feb 18 Mar 18 2 Feb 18 Mar 17

United States3

LPG and ethane 2.47 2.49 2.36 2.26 2.66 3.12 3.36 3.02 2.98 -0.04 0.47 Naphtha 0.22 0.23 0.24 0.21 0.22 0.21 0.21 0.22 0.21 -0.01 -0.04 Motor gasoline 9.32 9.32 9.54 9.56 9.23 9.01 8.74 8.82 9.45 0.63 0.09 Jet and kerosene 1.62 1.69 1.69 1.72 1.73 1.65 1.63 1.60 1.72 0.12 0.05 Gasoil/diesel oil 3.88 3.94 3.91 3.87 4.02 4.18 4.39 3.96 4.17 0.21 0.02 Residual fuel oil 0.33 0.36 0.37 0.30 0.39 0.28 0.34 0.28 0.22 -0.06 -0.14 Other products 1.86 1.85 1.91 2.01 1.79 1.78 1.79 1.72 1.83 0.10 0.10

Total 19.69 19.87 20.01 19.92 20.05 20.24 20.46 19.62 20.57 0.95 0.54 JapanLPG and ethane 0.44 0.42 0.40 0.37 0.42 0.49 0.48 0.49 0.48 -0.01 -0.04 Naphtha 0.76 0.78 0.75 0.75 0.81 0.77 0.78 0.82 0.70 -0.12 -0.09 Motor gasoline 0.90 0.88 0.87 0.95 0.90 0.85 0.82 0.87 0.88 0.01 0.00 Jet and kerosene 0.50 0.51 0.36 0.33 0.61 0.73 0.77 0.87 0.55 -0.31 -0.09 Diesel 0.43 0.42 0.41 0.42 0.43 0.42 0.38 0.45 0.45 0.00 0.01 Other gasoil 0.35 0.35 0.32 0.31 0.37 0.41 0.39 0.44 0.39 -0.05 0.00 Residual fuel oil 0.34 0.29 0.27 0.27 0.29 0.35 0.34 0.39 0.32 -0.07 0.01 Other products 0.31 0.29 0.27 0.29 0.29 0.32 0.34 0.29 0.32 0.03 0.01

Total 4.03 3.94 3.64 3.69 4.12 4.33 4.31 4.61 4.08 -0.53 -0.19 GermanyLPG and ethane 0.10 0.13 0.13 0.13 0.12 0.12 0.12 0.11 0.14 0.02 0.02 Naphtha 0.38 0.38 0.37 0.36 0.37 0.36 0.39 0.41 0.30 -0.11 -0.10 Motor gasoline 0.42 0.43 0.44 0.44 0.42 0.43 0.41 0.44 0.43 -0.01 -0.01 Jet and kerosene 0.20 0.22 0.22 0.24 0.21 0.19 0.17 0.19 0.20 0.01 -0.01 Diesel 0.76 0.76 0.77 0.78 0.76 0.70 0.64 0.73 0.72 -0.01 -0.08 Other gasoil 0.36 0.37 0.37 0.36 0.36 0.41 0.33 0.46 0.45 -0.01 0.05 Residual fuel oil 0.09 0.09 0.08 0.08 0.10 0.11 0.11 0.11 0.11 0.00 0.01 Other products 0.10 0.10 0.11 0.12 0.09 0.07 0.06 0.07 0.08 0.01 -0.02

Total 2.41 2.47 2.48 2.50 2.43 2.39 2.22 2.52 2.43 -0.09 -0.15 ItalyLPG and ethane 0.11 0.11 0.10 0.10 0.12 0.13 0.12 0.14 0.13 -0.01 0.02 Naphtha 0.09 0.11 0.11 0.12 0.11 0.11 0.12 0.11 0.11 0.00 0.01 Motor gasoline 0.18 0.17 0.18 0.18 0.17 0.17 0.16 0.17 0.17 0.00 -0.01 Jet and kerosene 0.10 0.10 0.11 0.13 0.09 0.09 0.09 0.09 0.09 0.00 -0.01 Diesel 0.46 0.47 0.47 0.46 0.48 0.47 0.45 0.48 0.48 0.00 0.00 Other gasoil 0.09 0.09 0.08 0.09 0.10 0.07 0.06 0.08 0.08 0.00 0.00 Residual fuel oil 0.06 0.07 0.06 0.08 0.06 0.06 0.06 0.07 0.06 -0.01 -0.01 Other products 0.16 0.16 0.16 0.16 0.16 0.15 0.15 0.16 0.16 0.00 -0.01

Total 1.25 1.28 1.28 1.32 1.30 1.26 1.21 1.30 1.28 -0.02 0.00 FranceLPG and ethane 0.12 0.11 0.10 0.10 0.11 0.14 0.14 0.14 0.14 -0.01 0.01 Naphtha 0.10 0.10 0.10 0.11 0.07 0.11 0.11 0.12 0.11 0.00 0.00 Motor gasoline 0.17 0.18 0.19 0.20 0.18 0.17 0.16 0.17 0.18 0.01 0.00 Jet and kerosene 0.15 0.16 0.16 0.18 0.15 0.15 0.15 0.15 0.15 0.00 0.01 Diesel 0.70 0.72 0.73 0.73 0.72 0.70 0.66 0.71 0.73 0.02 -0.01 Other gasoil 0.25 0.25 0.21 0.25 0.26 0.27 0.23 0.32 0.28 -0.04 0.02 Residual fuel oil 0.04 0.06 0.05 0.06 0.06 0.06 0.06 0.06 0.06 0.01 0.01 Other products 0.12 0.12 0.14 0.13 0.11 0.10 0.08 0.11 0.10 -0.01 0.01

Total 1.66 1.71 1.68 1.76 1.66 1.71 1.59 1.79 1.76 -0.03 0.05 United KingdomLPG and ethane 0.16 0.15 0.15 0.14 0.14 0.15 0.14 0.16 0.16 0.00 0.01 Naphtha 0.03 0.03 0.03 0.03 0.03 0.03 0.02 0.04 0.04 0.00 0.00 Motor gasoline 0.29 0.29 0.30 0.29 0.28 0.28 0.27 0.30 0.26 -0.04 0.00 Jet and kerosene 0.31 0.32 0.31 0.33 0.32 0.34 0.32 0.35 0.34 -0.01 0.03 Diesel 0.52 0.52 0.53 0.52 0.54 0.52 0.46 0.59 0.51 -0.08 0.03 Other gasoil 0.13 0.14 0.14 0.15 0.14 0.12 0.10 0.14 0.13 -0.01 0.00 Residual fuel oil 0.03 0.03 0.02 0.03 0.03 0.03 0.03 0.03 0.02 0.00 0.00 Other products 0.11 0.12 0.12 0.12 0.11 0.10 0.10 0.10 0.12 0.02 0.01

Total 1.59 1.58 1.59 1.60 1.60 1.56 1.44 1.70 1.57 -0.13 0.07 CanadaLPG and ethane 0.37 0.36 0.32 0.32 0.40 0.40 0.41 0.42 0.37 -0.05 0.00 Naphtha 0.10 0.10 0.09 0.11 0.10 0.06 0.06 0.06 0.06 0.01 -0.04 Motor gasoline 0.85 0.85 0.86 0.89 0.85 0.78 0.78 0.78 0.78 0.00 -0.05 Jet and kerosene 0.14 0.15 0.14 0.17 0.14 0.14 0.12 0.15 0.15 0.00 0.02 Diesel 0.30 0.29 0.29 0.29 0.29 0.26 0.25 0.27 0.25 -0.03 -0.03 Other gasoil 0.24 0.29 0.26 0.32 0.33 0.31 0.31 0.31 0.30 -0.01 0.00 Residual fuel oil 0.04 0.05 0.06 0.05 0.04 0.06 0.08 0.05 0.04 -0.01 0.00 Other products 0.34 0.34 0.32 0.36 0.35 0.31 0.33 0.32 0.29 -0.03 -0.03

Total 2.38 2.42 2.34 2.50 2.50 2.31 2.34 2.35 2.24 -0.11 -0.13 1 Demand, measured as deliveries from refineries and primary stocks, comprises inland deliveries, international bunkers and refinery fuel. It includes crude for direct burning, oil from non-conventional sources and other sources of supply. Jet/kerosene comprises jet kerosene and non-aviation kerosene. Gasoil comprises diesel, light heating oil and other gasoils. 2 Latest official OECD submissions (MOS).3 US figures exclude US territories.

Latest month vs.

Table 2bOIL DEMAND IN SELECTED OECD COUNTRIES1



6 13 JUNE 2018

Table 3: World Oil Production 2017 2018 2019 1Q18 2Q18 3Q18 4Q18 1Q19 Mar 18 Apr 18 May 18

OPECCrude Oil Saudi Arabia 9.96 9.95 9.92 9.92 10.02 Iran 3.80 3.81 3.81 3.82 3.82 Iraq 4.47 4.45 4.44 4.41 4.47 UAE 2.93 2.84 2.87 2.87 2.87 Kuwait 2.71 2.70 2.70 2.71 2.71 Neutral Zone 0.00 0.00 0.00 0.00 0.00 Qatar 0.61 0.60 0.60 0.60 0.61 Angola 1.64 1.55 1.52 1.50 1.53 Nigeria 1.53 1.66 1.62 1.59 1.47 Libya 0.83 1.01 1.00 0.99 0.97 Algeria 1.05 1.01 0.98 0.99 1.04 Equatorial Guinea 0.13 0.13 0.13 0.12 0.12 Ecuador 0.53 0.52 0.52 0.52 0.53 Venezuela 1.97 1.54 1.47 1.41 1.36 Gabon 0.20 0.21 0.21 0.19 0.17

Total Crude Oil 32.35 31.99 31.79 31.64 31.69 Total NGLs1 6.87 6.95 7.03 6.91 6.93 6.97 6.98 7.03 6.91 6.93 6.93

Total OPEC2 39.22 38.90 38.70 38.57 38.62 NON-OPEC2,3

OECDAmericas 20.30 22.17 23.48 21.71 21.89 22.33 22.75 23.16 22.09 21.78 21.80 United States 13.22 14.94 16.12 14.39 14.90 15.02 15.43 15.71 14.80 14.84 14.90 Mexico 2.23 2.11 2.05 2.15 2.12 2.09 2.06 2.05 2.12 2.14 2.13 Canada 4.83 5.11 5.30 5.16 4.85 5.20 5.24 5.39 5.16 4.80 4.76 Chile 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 Europe 3.48 3.43 3.37 3.55 3.39 3.31 3.50 3.43 3.43 3.50 3.35 UK 1.01 1.09 1.11 1.08 1.09 1.05 1.16 1.13 1.03 1.13 1.06 Norway 1.97 1.84 1.76 1.96 1.81 1.77 1.84 1.81 1.90 1.87 1.79 Others 0.50 0.50 0.50 0.51 0.50 0.49 0.49 0.50 0.50 0.50 0.50 Asia Oceania 0.39 0.40 0.46 0.41 0.40 0.39 0.42 0.43 0.41 0.40 0.39 Australia 0.31 0.34 0.40 0.34 0.33 0.33 0.36 0.37 0.34 0.34 0.32 Others 0.07 0.07 0.06 0.07 0.07 0.07 0.06 0.06 0.06 0.07 0.07

Total OECD 24.17 26.01 27.31 25.66 25.67 26.03 26.67 27.03 25.92 25.68 25.54 NON-OECDFormer USSR 14.36 14.42 14.61 14.45 14.47 14.32 14.43 14.60 14.45 14.44 14.53 Russia 11.36 11.35 11.51 11.34 11.35 11.35 11.37 11.44 11.35 11.35 11.35 Others 3.00 3.06 3.10 3.11 3.12 2.97 3.06 3.15 3.09 3.09 3.18 Asia2 7.33 7.19 7.01 7.25 7.23 7.17 7.11 7.05 7.23 7.25 7.24 China 3.87 3.81 3.73 3.82 3.83 3.80 3.78 3.76 3.82 3.83 3.83 Malaysia 0.69 0.70 0.68 0.72 0.69 0.69 0.68 0.68 0.71 0.69 0.70 India 0.86 0.85 0.84 0.85 0.85 0.84 0.84 0.84 0.87 0.87 0.85 Indonesia 0.85 0.83 0.78 0.83 0.84 0.83 0.82 0.79 0.85 0.84 0.84 Others 1.06 1.01 0.97 1.03 1.01 1.00 0.99 0.98 0.99 1.02 1.02 Europe 0.13 0.12 0.12 0.13 0.12 0.12 0.12 0.12 0.13 0.13 0.12 Americas2 4.54 4.63 4.99 4.50 4.60 4.67 4.76 4.82 4.49 4.54 4.64 Brazil 2.74 2.84 3.23 2.71 2.79 2.87 2.97 3.05 2.68 2.72 2.82 Argentina 0.58 0.58 0.58 0.58 0.58 0.58 0.58 0.58 0.58 0.58 0.58 Colombia 0.86 0.85 0.83 0.85 0.86 0.85 0.85 0.84 0.86 0.87 0.87 Others 0.37 0.36 0.35 0.36 0.37 0.36 0.36 0.36 0.37 0.37 0.37 Middle East2,4 1.25 1.25 1.25 1.21 1.26 1.27 1.27 1.26 1.25 1.25 1.26 Oman 0.98 0.98 0.96 0.97 0.98 0.98 0.98 0.97 0.97 0.98 0.98 Syria 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 Yemen 0.03 0.04 0.04 0.03 0.04 0.04 0.04 0.04 0.03 0.03 0.04 Others 0.21 0.21 0.22 0.18 0.22 0.22 0.22 0.22 0.22 0.22 0.22 Africa 1.69 1.77 1.73 1.77 1.79 1.79 1.74 1.74 1.79 1.82 1.75 Egypt 0.64 0.63 0.59 0.65 0.64 0.63 0.62 0.61 0.65 0.64 0.64 Others 1.05 1.14 1.13 1.13 1.15 1.17 1.13 1.14 1.14 1.18 1.11

Total Non-OECD 29.31 29.39 29.70 29.32 29.48 29.34 29.43 29.58 29.33 29.43 29.53 Processing gains5 2.29 2.32 2.35 2.32 2.32 2.32 2.32 2.35 2.32 2.32 2.32 Global Biofuels 2.45 2.53 2.63 2.13 2.58 2.84 2.57 2.19 2.25 2.39 2.66 TOTAL NON-OPEC 58.21 60.26 61.98 59.43 60.06 60.53 60.99 61.15 59.82 59.82 60.05 TOTAL SUPPLY 97.43 98.33 98.52 98.39 98.66 1 Includes condensates reported by OPEC countries, oil from non-conventional sources, e.g. NGLs in Qatar and Nigeria and non-oil inputs to Saudi Arabian MTBE.2 Latin America excludes Ecuador throughout. Africa excludes Angola, Gabon and Equatorial Guinea throughout. Asia includes Indonesia throughout.3 Comprises crude oil, condensates, NGLs and oil from non-conventional sources4 Includes small amounts of production from Jordan and Bahrain.5 Net volumetric gains and losses in refining and marine transportation losses.

Table 3WORLD OIL PRODUCTION



13 JUNE 2018 7

Table 3a: Oil Supply in OECD Countries

Table 3aOIL SUPPLY IN OECD COUNTRIES1

(thousand of barrels per day)

2017 2018 2019 1Q18 2Q18 3Q18 4Q18 1Q19 Mar 18 Apr 18 May 18

United StatesAlaska 495 482 485 511 488 434 497 493 512 504 500 California 490 473 460 478 475 472 468 465 478 476 475 Texas 3514 4293 4900 4024 4219 4381 4543 4706 4168 4180 4223 Federal Gulf of Mexico2 1680 1689 1721 1681 1679 1690 1705 1779 1698 1638 1693 Other US Lower 48 3178 3734 4035 3552 3742 3782 3857 3891 3621 3771 3701 NGLs3 3736 4145 4404 4006 4185 4142 4243 4260 4173 4155 4200 Other Hydrocarbons 134 123 120 139 114 121 119 120 157 112 111

Total 13226 14940 16124 14392 14902 15022 15431 15713 14807 14836 14903 CanadaAlberta Light/Medium/Heavy 446 486 486 478 489 488 488 488 485 493 486 Alberta Bitumen 1647 1816 1914 1774 1744 1861 1884 1919 1808 1757 1714 Saskatchewan 486 486 478 487 487 486 484 482 486 487 488 Other Crude 374 379 443 406 368 356 388 452 410 427 377 NGLs 856 873 882 921 794 848 929 931 868 797 814 Synthetic Crudes 1026 1073 1093 1089 969 1162 1072 1115 1102 837 880

Total 4834 5114 5295 5156 4851 5201 5245 5385 5159 4798 4759 MexicoCrude 1948 1858 1809 1896 1875 1845 1818 1803 1865 1890 1875 NGLs 280 244 235 252 243 242 240 238 247 240 245

Total 2233 2107 2050 2152 2122 2092 2062 2046 2117 2135 2125

UK Offshore5

Brent Fields 40 34 30 38 37 29 32 34 38 37 37 Forties Fields 425 375 350 372 358 388 379 369 340 372 353 Ninian Fields 39 33 28 35 33 32 31 30 34 34 33 Flotta Fields 24 25 23 27 26 25 24 24 27 26 26 Other Fields 366 496 567 480 498 440 566 558 454 524 484 NGLs 92 102 98 100 106 103 101 100 105 111 102

Total 985 1066 1096 1052 1058 1019 1133 1115 998 1104 1035

Norway5

Ekofisk-Ula Area 204 188 170 191 189 187 186 183 192 189 189 Oseberg-Troll Area 297 245 215 255 247 242 238 225 245 251 245 Statfjord-Gullfaks Area 330 258 221 315 231 210 278 274 304 278 196 Haltenbanken Area 309 362 345 368 361 361 356 351 342 363 360 Sleipner-Frigg Area 447 425 420 440 425 420 414 410 435 422 427 NGLs 381 359 354 390 344 338 364 355 382 356 358

Total 1969 1844 1755 1959 1807 1768 1845 1807 1902 1869 1786

Other OECD EuropeOther N Sea Crude/NGLs6 152 131 121 136 131 129 127 125 127 130 134 UK Onshore 19 16 14 17 17 16 15 15 17 17 17 Italy 78 94 117 94 93 92 98 106 92 94 93 Turkey 49 52 51 52 52 52 52 52 53 51 52 Other 117 115 107 119 117 113 111 110 117 117 117 NGLs (excl. North Sea) 15 13 12 17 12 12 11 12 16 12 11 Non-Conventional Oils 68 73 73 73 73 73 73 73 71 72 73

Total 498 495 495 508 494 488 488 493 493 493 497

AustraliaGippsland Basin 38 39 37 40 40 39 38 38 40 40 40 Cooper-Eromanga Basin 31 31 31 31 31 31 31 31 31 31 31 Carnarvon Basin 185 166 151 185 169 159 154 152 183 182 163 Other Crude 13 8 11 11 11 -2 11 11 11 11 11 NGLs 51 54 66 52 52 55 58 61 49 51 52

Total 315 339 395 340 330 329 355 371 341 336 324

Other OECD Asia OceaniaNew Zealand 31 25 22 27 25 24 24 23 23 26 25 Japan 4 4 4 4 4 4 4 4 4 4 4 NGLs 13 15 15 14 15 15 15 15 15 15 14 Synthetic Fuels 25 23 23 23 23 23 23 23 24 23 24

Total 74 67 64 68 67 66 66 65 66 68 67

OECDCrude Oil 17481 18898 19925 18573 18730 18876 19404 19718 18695 18888 18639 NGLs 5399 5784 6046 5732 5728 5733 5940 5951 5835 5714 5775 Non-Conventional Oils4 1285 1329 1334 1360 1215 1416 1323 1357 1394 1081 1123

Total 24166 26010 27305 25664 25673 26026 26667 27026 25924 25683 25536 1 Subcategories refer to crude oil only unless otherwise noted.2 Only production from Federal waters is included.3 To the extent possible, condensates from natural gas processing plants are included with NGLs, while field condensates are counted as crude oil.4 Does not include biofuels.5 North Sea production is grouped by area including all fields being processed through the named field complex, ie, not just the field of that name.6 Other North Sea NGLs is included.


8 13 JUNE 2018

Table 4: OECD Industry Stocks and Quarterly Stock Changes RECENT MONTHLY STOCKS2 PRIOR YEARS' STOCKS2 STOCK CHANGES

in Million Barrels in Million Barrels in mb/dDec2017 Jan2018 Feb2018 Mar2018 Apr2018* Apr2015 Apr2016 Apr2017 2Q2017 3Q2017 4Q2017 1Q2018

OECD AmericasCrude 580.9 581.1 581.9 582.4 583.8 607.0 664.2 676.2 -0.44 -0.34 -0.48 0.02 Motor Gasoline 267.8 277.7 284.5 273.0 271.3 261.5 274.3 275.9 -0.03 -0.18 0.17 0.06 Middle Distillate 219.0 217.7 214.1 205.9 194.2 201.5 232.2 233.2 -0.02 -0.15 0.09 -0.15 Residual Fuel Oil 35.2 37.6 38.6 40.8 38.7 46.5 50.4 46.8 -0.08 0.02 -0.08 0.06 Total Products3 734.8 722.5 718.0 703.4 699.1 707.5 761.2 752.4 0.19 -0.06 -0.14 -0.35

Total4 1498.7 1481.1 1473.3 1466.0 1459.9 1485.6 1602.0 1607.9 -0.13 -0.26 -0.79 -0.36

OECD EuropeCrude 329.8 333.5 338.2 347.2 346.1 350.0 355.8 353.4 0.04 -0.28 -0.08 0.19 Motor Gasoline 98.8 101.2 103.2 94.3 91.6 95.3 100.0 99.6 -0.09 -0.06 0.13 -0.05 Middle Distillate 271.3 289.5 275.4 265.5 267.5 263.2 323.6 320.9 -0.15 -0.04 -0.24 -0.06 Residual Fuel Oil 59.0 62.7 65.5 66.1 63.3 68.0 76.9 66.4 -0.04 -0.07 0.00 0.08 Total Products3 543.1 574.2 561.0 545.1 543.7 522.5 598.8 601.6 -0.30 -0.09 -0.13 0.02

Total4 942.8 981.5 972.3 968.5 968.4 942.2 1026.0 1029.1 -0.25 -0.37 -0.24 0.29

OECD Asia OceaniaCrude 188.8 185.9 184.0 161.1 157.2 170.5 193.9 193.4 0.01 0.09 -0.10 -0.31 Motor Gasoline 22.8 24.0 23.9 24.0 24.1 24.5 25.0 24.4 0.02 -0.02 0.00 0.01 Middle Distillate 62.9 62.9 59.7 61.8 64.3 57.9 61.6 66.1 0.04 0.03 -0.04 -0.01 Residual Fuel Oil 19.0 19.9 19.1 18.2 18.9 19.5 19.2 18.8 0.03 -0.02 0.00 -0.01 Total Products3 164.7 163.1 160.0 161.1 163.5 158.0 164.3 165.1 0.16 0.03 -0.08 -0.04

Total4 412.0 409.2 401.6 377.9 381.0 391.1 420.3 420.3 0.23 0.10 -0.23 -0.38

Total OECDCrude 1099.6 1100.6 1104.1 1090.6 1087.0 1127.4 1213.9 1223.0 -0.39 -0.53 -0.66 -0.10 Motor Gasoline 389.4 402.8 411.6 391.3 387.0 381.3 399.3 399.9 -0.09 -0.26 0.29 0.02 Middle Distillate 553.3 570.1 549.1 533.3 525.9 522.7 617.4 620.2 -0.13 -0.15 -0.19 -0.22 Residual Fuel Oil 113.2 120.2 123.1 125.1 120.8 134.0 146.5 132.0 -0.09 -0.08 -0.08 0.13 Total Products3 1442.6 1459.8 1438.9 1409.5 1406.3 1387.9 1524.4 1519.1 0.04 -0.13 -0.35 -0.37

Total4 2853.5 2871.8 2847.1 2812.4 2809.3 2818.9 3048.3 3057.2 -0.16 -0.53 -1.27 -0.46

RECENT MONTHLY STOCKS2 PRIOR YEARS' STOCKS2 STOCK CHANGESin Million Barrels in Million Barrels in mb/d

Dec2017 Jan2018 Feb2018 Mar2018 Apr2018* Apr2015 Apr2016 Apr2017 2Q2017 3Q2017 4Q2017 1Q2018

OECD AmericasCrude 662.8 664.2 665.5 665.5 663.9 691.0 695.1 688.8 -0.14 -0.06 -0.12 0.03 Products 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 0.00 0.00 0.00 0.00

OECD EuropeCrude 206.0 205.0 204.1 207.6 208.4 208.5 206.4 206.1 0.03 0.00 -0.02 0.02 Products 270.6 274.8 275.1 274.2 272.3 262.7 267.2 275.7 -0.03 -0.06 0.04 0.04

OECD Asia OceaniaCrude 384.4 383.4 383.4 383.4 383.4 386.9 384.2 385.1 0.01 0.00 -0.01 -0.01 Products 38.7 38.7 38.7 38.7 38.7 32.6 35.2 38.0 0.00 0.00 0.00 0.00

Total OECDCrude 1253.2 1252.6 1252.9 1256.5 1255.7 1286.3 1285.7 1280.0 -0.09 -0.06 -0.15 0.04 Products 311.3 315.5 315.7 314.9 313.0 297.4 304.4 315.6 -0.03 -0.05 0.04 0.04

Total4 1567.6 1571.1 1571.6 1574.7 1572.4 1587.6 1593.2 1598.1 -0.12 -0.12 -0.11 0.08 * estimated1 Stocks are primary national territory stocks on land (excluding utility stocks and including pipeline and entrepot stocks where known) and include stocks held by industry to meet IEA, EU and national emergency reserve commitments and are subject to government control in emergencies. 2 Closing stock levels.3 Total products includes gasoline, middle distillates, fuel oil and other products. 4 Total includes NGLs, refinery feedstocks, additives/oxygenates and other hydrocarbons. 5 Includes government-owned stocks and stock holding organisation stocks held for emergency purposes.

Table 4OECD INDUSTRY STOCKS1 AND QUARTERLY STOCK CHANGES

OECD GOVERNMENT-CONTROLLED STOCKS5 AND QUARTERLY STOCK CHANGES


13 JUNE 2018 9

Table 4a: Industry Stocks on Land in Selected Countries

November December January February March

2016 2017 % 2016 2017 % 2017 2018 % 2017 2018 % 2017 2018 %United States2

Crude 490.7 452.3 -7.8 484.6 421.1 -13.1 504.5 419.9 -16.8 523.6 423.5 -19.1 537.9 423.4 -21.3 Motor gasoline 233.8 224.6 -3.9 238.6 236.7 -0.8 260.0 247.9 -4.7 253.1 252.6 -0.2 239.0 239.6 0.3 Middle distillate 208.3 175.5 -15.7 211.2 188.9 -10.6 213.7 185.6 -13.1 208.4 183.2 -12.1 195.6 172.4 -11.9 Residual fuel oil 40.8 31.8 -22.1 41.5 29.4 -29.2 40.5 32.4 -20.0 39.6 32.8 -17.2 40.8 35.0 -14.2 Other products 219.5 206.9 -5.7 199.2 191.9 -3.7 177.4 169.2 -4.6 170.7 160.6 -5.9 168.0 162.1 -3.5 Total products 702.4 638.8 -9.1 690.5 646.9 -6.3 691.6 635.1 -8.2 671.8 629.2 -6.3 643.4 609.1 -5.3 Other3 168.0 170.2 1.3 159.4 164.1 2.9 161.5 160.3 -0.7 159.1 157.5 -1.0 159.8 163.7 2.4

Total 1361.1 1261.3 -7.3 1334.5 1232.1 -7.7 1357.6 1215.3 -10.5 1354.5 1210.2 -10.7 1341.1 1196.2 -10.8

JapanCrude 99.4 100.7 1.3 99.0 103.1 4.1 96.9 101.3 4.5 93.8 95.9 2.2 91.9 87.3 -5.0 Motor gasoline 9.4 10.9 16.0 9.6 9.4 -2.1 11.5 10.6 -7.8 11.1 10.4 -6.3 10.8 10.1 -6.5 Middle distillate 34.4 34.7 0.9 31.9 31.3 -1.9 31.8 29.1 -8.5 28.8 25.1 -12.8 25.3 27.8 9.9 Residual fuel oil 8.5 8.9 4.7 8.3 7.8 -6.0 7.8 7.9 1.3 7.9 7.1 -10.1 7.8 7.2 -7.7 Other products 39.2 37.8 -3.6 34.5 35.0 1.4 34.2 34.7 1.5 34.3 32.9 -4.1 32.9 33.8 2.7 Total products 91.5 92.3 0.9 84.3 83.5 -0.9 85.3 82.3 -3.5 82.1 75.5 -8.0 76.8 78.9 2.7 Other3 53.6 52.8 -1.5 52.3 49.0 -6.3 53.0 49.9 -5.8 52.4 47.6 -9.2 49.8 46.0 -7.6

Total 244.5 245.8 0.5 235.6 235.6 0.0 235.2 233.5 -0.7 228.3 219.0 -4.1 218.5 212.2 -2.9

GermanyCrude 47.3 47.5 0.4 47.2 47.4 0.4 46.9 47.7 1.7 49.4 47.6 -3.6 49.0 50.8 3.7 Motor gasoline 10.5 8.9 -15.2 11.2 10.3 -8.0 12.3 11.3 -8.1 11.7 11.3 -3.4 9.8 10.6 8.2 Middle distillate 25.0 20.4 -18.4 27.1 25.9 -4.4 26.6 28.5 7.1 24.7 24.4 -1.2 23.3 24.3 4.3 Residual fuel oil 8.3 7.7 -7.2 7.7 7.7 0.0 7.6 8.0 5.3 8.5 8.3 -2.4 7.5 8.2 9.3 Other products 10.3 10.0 -2.9 10.9 10.7 -1.8 10.1 10.8 6.9 10.2 10.7 4.9 10.1 10.5 4.0 Total products 54.1 47.0 -13.1 56.9 54.6 -4.0 56.6 58.6 3.5 55.1 54.7 -0.7 50.7 53.6 5.7 Other3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

Total 101.4 94.5 -6.8 104.1 102.0 -2.0 103.5 106.3 2.7 104.5 102.3 -2.1 99.7 104.4 4.7

ItalyCrude 36.0 37.5 4.2 38.2 38.5 0.8 39.4 34.7 -11.9 40.3 37.5 -6.9 43.0 38.6 -10.2 Motor gasoline 13.4 12.7 -5.2 13.8 13.3 -3.6 13.0 13.9 6.9 13.2 13.8 4.5 13.6 11.1 -18.4 Middle distillate 31.5 28.7 -8.9 28.6 28.8 0.7 32.6 30.2 -7.4 32.7 27.3 -16.5 33.1 26.2 -20.8 Residual fuel oil 8.9 9.0 1.1 9.1 9.1 0.0 9.5 10.2 7.4 9.0 10.0 11.1 10.5 10.6 1.0 Other products 14.1 12.9 -8.5 13.4 13.0 -3.0 14.4 13.6 -5.6 14.4 14.1 -2.1 13.8 14.9 8.0 Total products 67.9 63.3 -6.8 64.9 64.2 -1.1 69.5 67.9 -2.3 69.3 65.2 -5.9 71.0 62.8 -11.5 Other3 17.7 16.5 -6.8 16.4 14.8 -9.8 15.5 15.3 -1.3 16.9 15.1 -10.7 15.4 14.7 -4.5

Total 121.6 117.3 -3.5 119.5 117.5 -1.7 124.4 117.9 -5.2 126.5 117.8 -6.9 129.4 116.1 -10.3

FranceCrude 10.7 10.5 -1.9 9.6 11.3 17.7 12.9 12.5 -3.1 11.5 12.5 8.7 14.1 14.3 1.4 Motor gasoline 4.3 4.7 9.3 4.8 4.5 -6.3 4.9 4.6 -6.1 4.7 4.5 -4.3 3.1 3.5 12.9 Middle distillate 20.5 18.9 -7.8 19.9 20.1 1.0 18.7 19.9 6.4 20.4 18.9 -7.4 19.5 17.5 -10.3 Residual fuel oil 1.5 1.2 -20.0 1.5 1.2 -20.0 1.9 1.4 -26.3 1.6 1.4 -12.5 1.6 1.2 -25.0 Other products 4.2 3.9 -7.1 4.1 4.9 19.5 4.4 4.7 6.8 4.1 4.0 -2.4 4.7 3.7 -21.3 Total products 30.5 28.7 -5.9 30.3 30.7 1.3 29.9 30.6 2.3 30.8 28.8 -6.5 28.9 25.9 -10.4 Other3 9.9 7.6 -23.2 8.3 7.6 -8.4 8.9 7.8 -12.4 8.6 8.1 -5.8 9.3 8.6 -7.5

Total 51.1 46.8 -8.4 48.2 49.6 2.9 51.7 50.9 -1.5 50.9 49.4 -2.9 52.3 48.8 -6.7

United KingdomCrude 30.0 32.1 7.0 32.4 29.3 -9.6 29.0 30.8 6.2 30.7 27.2 -11.4 29.6 28.5 -3.7 Motor gasoline 9.8 9.6 -2.0 9.5 10.0 5.3 11.2 10.5 -6.2 10.2 11.0 7.8 10.7 11.3 5.6 Middle distillate 24.6 25.0 1.6 25.7 25.4 -1.2 27.9 25.3 -9.3 27.4 24.9 -9.1 27.0 23.8 -11.9 Residual fuel oil 1.6 1.5 -6.3 1.3 1.4 7.7 1.5 1.5 0.0 1.4 1.7 21.4 1.4 1.5 7.1 Other products 5.1 6.0 17.6 4.8 5.5 14.6 4.9 5.8 18.4 4.8 6.2 29.2 4.9 6.1 24.5 Total products 41.1 42.1 2.4 41.3 42.3 2.4 45.5 43.1 -5.3 43.8 43.8 0.0 44.0 42.7 -3.0 Other3 8.8 8.0 -9.1 8.6 8.6 0.0 7.2 9.3 29.2 7.0 8.7 24.3 7.7 8.6 11.7

Total 79.9 82.2 2.9 82.3 80.2 -2.6 81.7 83.2 1.8 81.5 79.7 -2.2 81.3 79.8 -1.8 Canada4

Crude 122.3 118.0 -3.5 120.3 122.6 1.9 121.1 118.2 -2.4 124.2 117.0 -5.8 121.9 117.8 -3.4 Motor gasoline 16.7 15.8 -5.4 15.9 15.9 0.0 16.7 17.7 6.0 15.8 18.0 13.9 15.1 18.9 25.2 Middle distillate 16.6 16.0 -3.6 16.2 18.2 12.3 17.2 19.2 11.6 17.8 19.7 10.7 17.5 21.8 24.6 Residual fuel oil 2.1 1.8 -14.3 2.2 2.4 9.1 2.0 2.4 20.0 2.0 2.4 20.0 2.7 2.1 -22.2 Other products 11.5 12.0 4.3 11.0 11.6 5.5 12.5 11.4 -8.8 13.4 11.3 -15.7 13.1 12.5 -4.6 Total products 46.9 45.6 -2.8 45.3 48.1 6.2 48.4 50.7 4.8 49.0 51.4 4.9 48.4 55.3 14.3 Other3 20.5 21.0 2.4 17.7 18.6 5.1 15.0 17.0 13.3 13.2 15.8 19.7 14.5 16.3 12.4

Total 189.7 184.6 -2.7 183.3 189.3 3.3 184.5 185.9 0.8 186.4 184.2 -1.2 184.8 189.4 2.5 1 Stocks are primary national territory stocks on land (excluding utilitity stocks and including pipeline and entrepot stocks where known) and include stocks held by industry to meet IEA, EU and national emergency reserve commitments and are subject to government control in emergencies.2 US figures exclude US territories.3 Other includes NGLs, refinery feedstocks, additives/oxygenates and other hydrocarbons.4 Canadian stock information for recent months is the administration's best estimate. Data are usually finalised three months after first publication.

Table 4aINDUSTRY STOCKS1

ON LAND IN SELECTED COUNTRIES(million barrels)


10 13 JUNE 2018

Table 5: Total Stocks on Land in OECD Countries

('millions of barrels' and 'days')

3

Stock Days Fwd2 Stock Days Fwd Stock Days Fwd Stock Days Fwd Stock Days FwdLevel Demand Level Demand Level Demand Level Demand Level Demand

OECD AmericasCanada 184.9 79 182.7 73 185.7 74 189.2 82 189.5 -Chile 11.9 35 11.2 32 12.5 37 11.5 33 10.8 -Mexico 47.6 24 49.3 26 46.5 25 43.8 23 47.3 -United States4 2034.5 102 2011.2 101 1980.3 99 1897.0 94 1863.8 -Total4 2301.1 92 2276.5 91 2247.2 90 2163.5 86 2133.4 85OECD Asia OceaniaAustralia 33.3 28 35.4 30 33.7 28 34.2 29 40.2 -Israel - - - - - - - - - -Japan 546.3 150 566.3 154 571.3 139 562.8 130 538.6 -Korea 237.8 93 236.4 89 243.5 89 230.6 85 213.0 -New Zealand 8.2 48 9.0 54 8.1 44 7.4 40 8.0 -Total 825.6 106 847.1 107 856.6 102 835.1 97 799.9 104OECD Europe5

Austria 24.3 94 21.8 76 22.1 83 21.4 83 23.0 -Belgium 47.8 76 46.6 72 44.1 66 41.4 59 46.2 -Czech Republic 22.5 101 21.4 93 21.4 97 21.5 107 22.7 -Denmark 27.2 169 27.3 172 23.6 146 23.4 152 22.1 -Estonia 2.6 94 2.7 98 2.2 80 3.0 111 2.5 -Finland 44.8 224 43.4 214 44.7 236 41.1 206 41.0 -France 167.7 100 165.4 94 165.2 99 165.7 97 166.0 -Germany 280.3 113 276.7 111 273.9 113 278.8 117 279.8 -Greece 35.1 118 32.4 100 32.3 109 32.4 116 33.3 -Hungary 24.3 144 25.2 145 26.2 148 25.4 150 26.1 -Ireland 12.8 86 12.1 79 10.1 63 11.0 68 11.4 -Italy 134.4 105 133.7 101 127.7 98 125.1 99 123.7 -Latvia 2.4 58 3.3 77 1.5 43 2.5 81 3.1 -Luxembourg 0.7 11 0.7 12 0.6 11 0.6 10 0.6 -Netherlands 154.7 158 156.1 162 149.7 161 142.5 152 147.8 -Norway 22.9 107 22.0 98 22.0 81 23.3 84 27.1 -Poland 69.8 110 69.5 103 69.2 104 71.8 115 75.0 -Portugal 26.5 110 24.0 96 24.1 101 22.9 103 24.8 -Slovak Republic 12.8 151 13.0 140 12.1 122 11.4 140 12.1 -Slovenia 4.9 94 5.1 92 4.7 88 5.2 99 5.1 -Spain 136.5 106 128.7 98 127.2 98 119.5 91 124.7 -Sweden 52.6 162 53.2 160 42.3 131 35.6 130 38.7 -Switzerland 35.5 162 34.5 160 35.4 148 33.9 159 33.1 -Turkey 81.4 83 84.0 76 83.9 81 83.2 91 84.1 -United Kingdom 81.2 51 80.7 50 77.5 49 80.1 51 79.8 -Total 1505.7 105 1483.4 101 1443.9 100 1422.6 101 1453.8 102Total OECD 4632.4 99 4606.9 97 4547.6 95 4421.1 92 4387.1 93DAYS OF IEA Net Imports6 - 203 - 196 - 192 - 187 - 1861 Total Stocks are industry and government-controlled stocks (see breakdown in table below). Stocks are primary national territory stocks on land (excluding utility stocks and including pipeline and entrepot stocks where known) they include stocks held by industry to meet IEA, EU and national emergency reserves commitments and are subject to government control in emergencies.2 Note that days of forward demand represent the stock level divided by the forward quarter average daily demand and is very different from the days of net imports used for the calculation of IEA Emergency Reserves.3 End March 2018 forward demand figures are IEA Secretariat forecasts. 4 US figures exclude US territories. Total includes US territories.5 Data not available for Iceland.6 Reflects stock levels and prior calendar year's net imports adjusted according to IEA emergency reserve definitions (see www.iea.org/netimports.asp). Net exporting IEA countries are excluded.

TOTAL OECD STOCKS

CLOSING STOCKS Total Industry Total Industry

1Q2015 4377 1584 2792 96 35 612Q2015 4467 1587 2880 95 34 613Q2015 4538 1581 2957 98 34 644Q2015 4577 1588 2989 98 34 641Q2016 4633 1595 3039 101 35 662Q2016 4668 1592 3076 99 34 653Q2016 4679 1596 3084 99 34 654Q2016 4602 1600 3002 98 34 641Q2017 4632 1600 3033 99 34 652Q2017 4607 1588 3018 97 33 633Q2017 4548 1578 2970 95 33 624Q2017 4421 1568 2854 92 33 601Q2018 4387 1575 2812 93 33 601 Includes government-owned stocks and stock holding organisation stocks held for emergency purposes.2 Days of forward demand calculated using actual demand except in 1Q2018 (when latest forecasts are used).

Days of Fwd. Demand 2

End March 2018End June 2017 End March 2017 End September 2017 End December 2017

Millions of Barrels

Government1

controlledGovernment1

Table 5TOTAL STOCKS ON LAND IN OECD COUNTRIES1

controlled


13 JUNE 2018 11

Table 6: IEA Member Country Destinations of Selected Crude Streams

2015 2016 2017 2Q17 3Q17 4Q17 1Q18 Jan 18 Feb 18 Mar 18 Mar 17 change

Saudi Light & Extra LightAmericas 0.63 0.69 0.59 0.75 0.44 0.47 0.54 0.44 0.62 0.55 0.79 -0.24Europe 0.78 0.79 0.69 0.78 0.64 0.68 0.58 0.48 0.62 0.64 0.67 -0.03Asia Oceania 1.25 1.40 1.56 1.49 1.56 1.53 1.50 1.53 1.67 1.32 1.63 -0.31

Saudi MediumAmericas 0.37 0.44 0.33 0.35 0.28 0.27 0.20 0.24 0.19 0.18 0.37 -0.19Europe 0.03 0.01 0.01 0.00 0.01 0.02 0.02 0.04 0.02 0.02 0.03 -0.01Asia Oceania 0.44 0.41 0.37 0.33 0.41 0.41 0.40 0.36 0.40 0.45 0.38 0.07

Canada HeavyAmericas 1.90 2.04 2.23 2.25 2.21 2.17 2.33 2.34 2.23 2.40 2.33 0.07Europe 0.01 0.01 0.02 - 0.03 0.04 0.03 0.03 0.02 0.04 - -Asia Oceania - - - - - - 0.00 - 0.01 - - -

Iraqi Basrah Light2

Americas 0.17 0.42 0.63 0.67 0.55 0.75 0.65 0.64 0.79 0.54 0.55 -0.01Europe 0.72 0.81 0.76 0.84 0.76 0.70 0.65 0.79 0.57 0.59 0.78 -0.19Asia Oceania 0.41 0.46 0.40 0.39 0.41 0.39 0.42 0.62 0.29 0.35 0.41 -0.06

Kuwait BlendAmericas 0.13 0.14 0.11 0.18 0.04 0.03 0.03 0.07 - - 0.20 -Europe 0.13 0.19 0.20 0.22 0.25 0.14 0.13 0.13 0.13 0.12 0.17 -0.05Asia Oceania 0.65 0.66 0.68 0.68 0.67 0.67 0.68 0.79 0.76 0.50 0.69 -0.19

Iranian LightAmericas - - - - - - - - - - - -Europe 0.09 0.21 0.27 0.25 0.25 0.20 0.24 0.20 0.32 0.22 0.40 -0.18Asia Oceania 0.01 0.01 0.01 0.00 0.02 0.01 0.02 0.03 0.01 0.01 - -

Iranian Heavy3

Americas - - - - - - - - - - - -Europe 0.02 0.21 0.52 0.52 0.59 0.54 0.42 0.49 0.39 0.38 0.56 -0.18Asia Oceania 0.27 0.52 0.57 0.43 0.57 0.54 0.49 0.43 0.50 0.55 0.82 -0.27

BFOEAmericas 0.01 0.02 0.02 0.01 0.02 0.01 - - - - - -Europe 0.49 0.44 0.45 0.41 0.49 0.52 0.47 0.44 0.44 0.53 0.42 0.11Asia Oceania 0.06 0.05 0.10 0.06 0.09 0.14 0.09 0.07 0.14 0.06 0.03 0.03

KazakhstanAmericas 0.00 0.01 - - - - - - - - - -Europe 0.64 0.70 0.75 0.78 0.74 0.72 0.83 1.04 0.66 0.78 0.70 0.09Asia Oceania 0.06 0.03 0.10 0.09 0.15 0.13 0.13 0.21 0.04 0.14 0.03 0.11

Venezuelan 22 API and heavierAmericas 0.67 0.63 0.48 0.61 0.41 0.39 0.40 0.36 0.32 0.50 0.49 0.01Europe 0.09 0.05 0.04 0.04 0.05 0.03 0.02 0.02 0.02 0.02 0.04 -0.02Asia Oceania - - - - - - - - - - - -

Mexican MayaAmericas 0.50 0.53 0.58 0.63 0.50 0.67 0.64 0.79 0.44 0.67 0.53 0.15Europe 0.15 0.17 0.20 0.18 0.17 0.26 0.27 0.23 0.34 0.26 0.16 0.10Asia Oceania 0.01 0.05 0.07 0.07 0.07 0.10 0.06 0.02 0.11 0.07 0.07 0.00

Russian UralsAmericas - - 0.01 - 0.02 0.01 - - - - - -Europe 1.61 1.72 1.64 1.57 1.68 1.67 1.32 1.31 1.36 1.29 1.48 -0.19Asia Oceania - - 0.01 0.02 0.02 - - - - - - -

Cabinda and Other AngolaNorth America 0.11 0.16 0.07 - 0.17 0.07 - - - - 0.02 -Europe 0.42 0.27 0.11 0.07 0.17 0.10 0.14 0.09 0.21 0.13 0.03 0.10Pacific 0.02 0.01 0.01 0.01 0.03 - - - - - - -

Nigerian Light4

Americas 0.02 0.07 0.04 0.04 0.05 0.06 0.03 0.09 - - 0.03 -Europe 0.57 0.39 0.39 0.46 0.38 0.38 0.47 0.44 0.50 0.47 0.40 0.08Asia Oceania - 0.01 0.02 0.03 0.03 0.01 0.02 0.01 - 0.03 0.03 0.00

Libya Light and MediumAmericas - - 0.02 - 0.03 0.03 - - - - - -Europe 0.22 0.20 0.54 0.37 0.67 0.70 0.65 0.66 0.67 0.62 0.37 0.25Asia Oceania 0.01 0.02 0.03 0.04 0.01 0.03 0.02 0.02 0.04 - - -1 Data based on monthly submissions from IEA countries to the crude oil import register (in '000 bbl), subject to availability. May differ from Table 8 of the Report. IEA Americas includes United States and Canada. IEA Europe includes all countries in OECD Europe except Estonia, Hungary, Slovenia and Latvia. IEA Asia Oceania includes Australia, New Zealand, Korea and Japan.2 Iraqi Total minus Kirkuk.3 Iranian Total minus Iranian Light.4 33° API and lighter (e.g., Bonny Light, Escravos, Qua Iboe and Oso Condensate).

Table 6IEA MEMBER COUNTRY DESTINATIONS OF SELECTED CRUDE STREAMS1


Year Earlier


12 13 JUNE 2018

Table 7: Regional OECD Imports

2015 2016 2017 2Q17 3Q17 4Q17 1Q18 Jan 18 Feb 18 Mar 18 Mar 17 % change

Crude Oil Americas 4026 4542 4361 4664 4289 3941 3827 4068 3634 3761 4466 -16%Europe 9505 9253 9710 9632 9779 9935 9502 9655 9756 9119 9227 -1%Asia Oceania 6573 6669 6826 6450 6921 6927 6840 7180 7079 6284 6853 -8%

Total OECD 20103 20464 20897 20745 20989 20802 20169 20903 20468 19164 20546 -7%

LPGAmericas 10 20 20 16 15 25 33 38 38 24 15 63%Europe 418 445 437 425 421 400 492 480 513 483 493 -2%Asia Oceania 518 566 548 586 467 537 593 532 674 583 595 -2%

Total OECD 947 1031 1005 1028 903 962 1118 1050 1225 1091 1103 -1%

NaphthaAmericas 14 10 19 19 18 20 10 4 21 7 31 -77%Europe 345 348 369 355 363 389 406 444 285 478 338 41%Asia Oceania 950 905 978 976 968 988 1028 996 1099 996 983 1%

Total OECD 1309 1263 1366 1350 1350 1397 1445 1444 1405 1481 1353 9%

Gasoline3

Americas 670 735 727 891 880 560 548 451 457 728 507 44%Europe 105 100 162 141 130 224 155 74 230 167 191 -12%Asia Oceania 93 84 100 97 94 92 121 104 156 105 151 -30%

Total OECD 868 919 989 1129 1103 876 823 629 843 1000 848 18%

Jet & KeroseneAmericas 141 169 171 144 181 210 131 151 125 116 135 -14%Europe 445 504 506 469 552 535 423 496 357 409 439 -7%Asia Oceania 66 74 78 68 46 89 113 81 161 103 122 -15%

Total OECD 651 747 755 681 780 833 667 728 643 628 696 -10%

Gasoil/DieselAmericas 76 67 77 37 48 144 179 237 226 77 54 43%Europe 1161 1340 1381 1377 1394 1360 1398 1398 1535 1275 1417 -10%Asia Oceania 158 195 194 206 188 178 214 195 187 257 237 8%

Total OECD 1395 1601 1652 1620 1629 1682 1791 1830 1948 1609 1708 -6%

Heavy Fuel OilAmericas 116 149 131 103 153 128 158 192 134 146 176 -17%Europe 537 477 240 215 299 174 239 186 224 305 178 71%Asia Oceania 173 153 146 180 106 153 192 183 193 201 124 62%

Total OECD 826 779 517 498 559 456 590 562 551 652 478 36%

Other ProductsAmericas 675 652 717 694 722 745 722 759 669 734 733 0%Europe 701 774 1009 1119 829 979 1062 984 1121 1086 1252 -13%Asia Oceania 343 344 260 244 243 253 282 309 253 282 303 -7%

Total OECD 1719 1770 1986 2057 1794 1977 2066 2051 2043 2102 2288 -8%

Total ProductsAmericas 1702 1802 1862 1904 2018 1832 1782 1833 1670 1832 1651 11%Europe 3712 3988 4104 4101 3988 4062 4174 4062 4265 4204 4309 -2%Asia Oceania 2301 2321 2305 2357 2111 2290 2544 2399 2723 2527 2516 0%

Total OECD 7715 8110 8271 8363 8117 8184 8500 8294 8658 8564 8475 1%

Total OilAmericas 5728 6344 6223 6568 6307 5773 5609 5900 5304 5593 6116 -9%Europe 13216 13241 13814 13733 13767 13996 13676 13718 14020 13323 13536 -2%Asia Oceania 8874 8990 9131 8807 9032 9217 9384 9579 9802 8812 9369 -6%

Total OECD 27818 28574 29168 29108 29106 28986 28669 29197 29127 27727 29021 -4%1 Based on Monthly Oil Questionnaire data submitted by OECD countries in tonnes and converted to barrels. 2 Excludes intra-regional trade.3 Includes additives.

Year Earlier

Table 7REGIONAL OECD IMPORTS1,2

(thousand barrels per day)


13 JUNE 2018 13

Table 7a: Regional OECD Imports From Non- OECD Countries Year Earlier


Crude Oil Americas 3970 4428 4235 4535 4134 3842 3705 3970 3496 3629 4403 -18%Europe 9173 8867 9248 9265 9406 9218 8731 9029 9046 8149 8926 -9%Asia Oceania 6410 6439 6530 6249 6654 6462 6517 6843 6712 6015 6620 -9%

Total OECD 19554 19734 20013 20050 20194 19523 18954 19842 19254 17793 19949 -11%

LPGAmericas 10 16 16 11 15 19 20 21 22 18 15 20%Europe 343 332 342 336 345 341 383 403 358 387 396 -2%Asia Oceania 415 341 202 225 191 191 214 186 256 204 180 13%

Total OECD 768 689 560 572 551 551 617 610 636 608 591 3%

NaphthaAmericas 5 5 16 16 16 17 7 1 20 2 21 -91%Europe 318 330 350 343 345 365 383 409 260 467 318 47%Asia Oceania 854 853 931 918 947 930 895 786 979 928 925 0%

Total OECD 1177 1187 1297 1277 1308 1312 1285 1196 1259 1398 1264 11%

Gasoline3

Americas 213 279 245 254 329 222 201 192 145 260 180 44%Europe 101 98 157 132 124 223 149 70 218 166 187 -12%Asia Oceania 92 84 100 97 94 92 96 104 110 74 151 -51%

Total OECD 407 460 502 483 547 537 445 366 472 500 518 -4%

Jet & KeroseneAmericas 53 72 67 36 74 106 78 83 77 75 30 153%Europe 383 411 438 411 484 468 393 479 348 346 368 -6%Asia Oceania 66 74 78 68 46 89 113 81 161 103 122 -15%

Total OECD 501 557 583 515 604 663 584 643 586 525 520 1%

Gasoil/DieselAmericas 50 38 50 23 27 99 151 186 211 62 36 74%Europe 842 1025 1131 1099 1092 1175 1266 1236 1401 1173 1214 -3%Asia Oceania 158 193 193 206 184 178 214 195 187 257 237 8%

Total OECD 1050 1256 1373 1327 1303 1452 1630 1617 1799 1491 1487 0%

Heavy Fuel OilAmericas 100 130 123 98 142 125 150 183 118 146 163 -11%Europe 511 453 225 209 283 158 232 179 217 298 160 86%Asia Oceania 173 152 146 180 106 152 192 183 193 201 124 62%

Total OECD 784 734 494 487 531 435 574 545 528 645 448 44%

Other ProductsAmericas 502 526 542 532 515 559 556 573 527 564 583 -3%Europe 500 508 729 836 552 709 708 610 777 745 943 -21%Asia Oceania 255 264 183 172 162 171 202 210 206 192 242 -21%

Total OECD 1257 1297 1454 1539 1228 1440 1466 1393 1510 1501 1768 -15%

Total ProductsAmericas 934 1065 1058 968 1118 1146 1163 1239 1120 1127 1028 10%Europe 2998 3155 3371 3365 3226 3440 3513 3386 3578 3581 3586 0%Asia Oceania 2012 1959 1834 1866 1729 1803 1927 1745 2092 1960 1982 -1%

Total OECD 5944 6180 6263 6199 6073 6389 6603 6370 6789 6668 6596 1%

Total OilAmericas 4904 5494 5293 5503 5252 4988 4868 5209 4615 4756 5431 -12%Europe 12171 12022 12619 12631 12631 12658 12244 12415 12624 11730 12512 -6%Asia Oceania 8422 8398 8365 8115 8383 8265 8444 8589 8804 7975 8601 -7%

Total OECD 25497 25914 26276 26248 26266 25912 25557 26213 26044 24461 26544 -8%1 Based on Monthly Oil Questionnaire data submitted by OECD countries in tonnes and converted to barrels. 2 Excludes intra-regional trade3 Includes additives

Table 7aREGIONAL OECD IMPORTS FROM NON-OECD COUNTRIES1,2



14 13 JUNE 2018

Table 7b: Inter-Regional OECD Transfers Year Earlier


Crude Oil Americas 56 114 126 128 155 99 122 97 138 131 63 108%Europe 332 386 463 366 373 717 771 627 710 970 301 223%Asia Oceania 162 230 296 201 267 464 323 336 367 269 233 15%

Total OECD 550 730 885 696 796 1280 1215 1060 1214 1371 597 130%

LPGAmericas 0 4 4 6 0 7 13 16 16 6 0 naEurope 75 112 95 89 76 59 109 78 155 97 97 0%Asia Oceania 103 225 346 361 276 346 379 345 418 379 416 -9%

Total OECD 178 342 445 456 352 411 501 440 589 482 513 -6%

NaphthaAmericas 9 5 3 3 2 3 3 3 1 5 10 -49%Europe 27 19 19 12 18 23 24 35 25 11 20 -48%Asia Oceania 96 52 47 58 21 58 133 209 120 68 58 16%

Total OECD 132 77 69 73 42 85 160 248 146 84 89 -6%

Gasoline3

Americas 457 457 482 637 551 338 348 259 312 468 327 43%Europe 4 2 5 9 5 1 6 4 12 1 4 -62%Asia Oceania 1 0 0 0 0 0 25 0 46 31 0 na

Total OECD 461 459 487 646 556 339 378 263 371 500 330 52%

Jet & KeroseneAmericas 88 97 104 109 107 103 52 68 49 40 105 -62%Europe 62 93 68 58 69 67 30 17 8 63 71 -11%Asia Oceania 0 0 0 0 0 0 0 0 0 0 0 na

Total OECD 150 190 172 167 176 170 83 85 57 103 176 -41%

Gasoil/DieselAmericas 26 28 28 14 21 45 28 51 15 15 18 -18%Europe 319 315 250 278 301 185 133 162 134 103 203 -49%Asia Oceania 0 2 1 0 3 0 0 0 0 0 0 na

Total OECD 345 345 279 293 326 230 161 213 149 118 222 -47%

Heavy Fuel OilAmericas 16 19 8 5 11 4 8 10 15 0 13 -100%Europe 26 25 15 6 16 17 7 7 8 7 18 -62%Asia Oceania 1 1 0 0 0 1 0 0 0 0 0 na

Total OECD 42 45 23 11 27 21 15 17 23 7 31 -78%

Other ProductsAmericas 173 126 174 162 207 186 167 185 142 170 150 14%Europe 201 266 280 284 277 270 353 374 344 341 309 10%Asia Oceania 88 81 77 73 81 82 80 99 47 90 60 49%

Total OECD 462 473 532 519 566 538 600 658 534 602 520 16%

Total ProductsAmericas 768 736 804 936 900 686 619 594 551 705 622 13%Europe 714 833 733 736 763 622 661 676 687 623 723 -14%Asia Oceania 289 361 471 492 382 487 617 654 631 568 535 6%

Total OECD 1771 1930 2007 2164 2044 1795 1897 1924 1869 1896 1880 1%

Total OilAmericas 824 850 930 1065 1055 784 740 691 689 836 686 22%Europe 1045 1219 1196 1103 1136 1338 1432 1303 1396 1593 1023 56%Asia Oceania 451 591 766 693 649 952 940 990 998 837 768 9%

Total OECD 2320 2660 2892 2860 2840 3074 3112 2984 3083 3267 2477 32%1 Based on Monthly Oil Questionnaire data submitted by OECD countries in tonnes and converted to barrels. 2 Excludes intra-regional trade3 Includes additives

Table 7bINTER-REGIONAL OECD TRANSFERS1,2



13 JUNE 2018 15

Table 8: Regional OECD Crude Imports by Source Year Earlier


OECD AmericasVenezuela 864 741 618 712 585 484 444 438 409 480 701 -221Other Central & South America 1026 1023 928 932 982 832 897 1008 911 774 1019 -245North Sea 45 109 124 121 155 99 119 90 138 131 63 68Other OECD Europe 1 1 - - - - 2 7 - - - -Non-OECD Europe 6 7 - - - - - - - - - -Former Soviet Union 44 75 121 172 183 76 91 104 37 126 58 68Saudi Arabia 1127 1185 1043 1186 831 784 797 809 731 846 1291 -446Kuwait 210 209 144 146 140 102 133 96 177 131 219 -88Iran - - - - - - - - - - - -Iraq 222 418 605 659 577 642 677 699 617 708 577 132Oman - 30 14 - 11 43 - - - - - -United Arab Emirates 2 11 20 16 31 28 - - - - 17 -Other Middle East - - 2 - 8 - - - - - - -West Africa2 265 451 497 437 558 589 383 435 485 238 421 -183Other Africa 138 223 214 268 186 209 218 299 79 262 100 162Asia 55 46 26 7 41 53 53 45 49 64 - -Other 20 13 4 7 - - 12 36 - - - -

Total 4026 4542 4361 4664 4289 3941 3827 4068 3634 3761 4466 -705of which Non-OECD 3970 4428 4235 4535 4134 3842 3705 3970 3496 3629 4403 -774

OECD EuropeCanada 29 32 45 26 35 61 119 64 52 236 32 204Mexico + USA 303 354 418 340 339 656 651 562 658 735 269 466Venezuela 111 74 67 61 77 37 43 43 45 41 61 -20Other Central & South America 177 170 160 163 202 118 133 178 109 111 172 -61Non-OECD Europe 11 11 9 9 9 10 13 10 15 13 10 4Former Soviet Union 4058 4248 4259 4179 4280 4230 4045 4161 3990 3978 4059 -81Saudi Arabia 930 855 738 826 678 755 688 654 716 696 746 -49Kuwait 103 194 201 219 238 145 130 138 129 124 177 -53Iran 113 436 801 787 853 785 655 632 739 603 962 -359Iraq 1003 1000 995 1051 1006 888 813 926 735 770 1118 -349Oman - - - - - - - - - - - -United Arab Emirates 15 12 6 22 - - - - - - - -Other Middle East 6 12 1 - 5 - - - - - - -West Africa2 1651 1095 960 896 1083 979 1056 973 1021 1170 876 294Other Africa 1008 738 1045 1003 1132 1207 1157 1361 1125 982 791 191Asia - - - - - - - - - - - -Other -13 21 5 49 -159 64 -2 -46 422 -341 -46 -296


OECD Asia OceaniaCanada - - - - - - 3 - 10 - - -Mexico + USA 93 179 199 143 175 315 221 269 215 180 202 -22Venezuela 8 3 8 11 - - - - - - - -Other Central & South America 71 27 35 40 44 26 38 36 26 52 24 29North Sea 69 51 97 58 93 149 98 67 142 89 31 58Other OECD Europe - - - - - - - - - - - -Non-OECD Europe - - - - - - - - - - - -Former Soviet Union 506 341 413 449 437 394 412 391 404 441 236 205Saudi Arabia 1962 2078 2163 2043 2208 2117 2148 2151 2334 1976 2223 -247Kuwait 641 661 671 678 671 644 668 795 764 456 641 -185Iran 217 469 543 411 567 528 484 424 488 541 744 -204Iraq 401 456 402 394 408 390 423 616 287 353 415 -62Oman 28 86 41 30 70 22 39 82 - 30 64 -34United Arab Emirates 1194 1154 1147 1095 1134 1214 1123 1061 1072 1231 1119 112Other Middle East 573 475 391 359 399 399 483 511 445 489 431 59West Africa2 82 74 66 48 83 85 63 54 55 79 74 5Other Africa 57 62 92 103 81 114 127 173 176 37 31 6Non-OECD Asia 423 340 324 329 333 322 341 392 298 329 319 10Other 247 215 235 259 217 206 167 157 361 2 299 -297


Total OECD Trade 20103 20464 20897 20745 20989 20802 20169 20903 20468 19164 20546 -1382of which Non-OECD 19554 19734 20013 20050 20194 19523 18954 19842 19254 17793 19949 -21561 Based on Monthly Oil Questionnaire data submitted by OECD countries in tonnes, and converted to barrels at 7.37 barrels per tonne. Data will differ from Table 6 which is based on submissions in barrels.2 West Africa includes Angola, Nigeria, Gabon, Equatorial Guniea, Congo and Democratic Republic of Congo.

Table 8REGIONAL OECD CRUDE IMPORTS BY SOURCE1



16 13 JUNE 2018

Table 9: Regional OECD Gasoline Imports by Source Year Earlier


OECD AmericasVenezuela 22 15 18 14 18 23 25 37 18 20 15 4Other Central & South America 37 69 42 45 45 45 62 57 61 66 17 48ARA (Belgium Germany Netherlands) 145 155 178 245 192 117 132 41 114 239 114 125Other Europe 303 296 294 360 355 218 209 219 188 219 203 16FSU 63 90 84 83 93 80 73 65 60 92 93 0Saudi Arabia 0 - 1 - 3 - - - - - - -Algeria - 1 - - - - - - - - - -Other Middle East & Africa 29 32 24 20 43 22 19 15 5 36 7 29Singapore 6 6 10 3 11 27 - - - - - -OECD Asia Oceania 9 6 10 31 4 3 6 - 10 10 9 1Non-OECD Asia (excl. Singapore) 57 64 63 89 111 24 21 17 - 43 44 -1Other 0 3 3 0 6 1 1 - - 4 4 0

Total2 670 736 727 891 880 560 548 451 457 728 507 221of which Non-OECD 213 279 245 254 329 222 201 192 145 260 180 80

OECD EuropeOECD Americas 3 1 4 7 4 1 3 4 3 1 4 -2Venezuela 0 0 - - - - - - - - - -Other Central & South America 4 1 3 5 2 3 2 - 2 6 - -Non-OECD Europe 18 15 15 9 20 17 12 6 4 25 16 9FSU 68 82 87 88 90 110 119 66 164 132 46 86Saudi Arabia 1 0 0 0 0 - - - - - - -Algeria 1 1 1 1 0 1 7 0 - 21 1 20Other Middle East & Africa 5 2 5 3 2 9 5 3 10 1 9 -7Singapore 0 1 2 3 3 2 3 2 2 4 1 2OECD Asia Oceania 0 1 1 2 1 0 3 - 9 0 - -Non-OECD Asia (excl. Singapore) 0 1 3 5 - 6 4 - - 11 - -Other 11 -3 41 18 7 75 -2 -7 39 -34 114 -148

Total2 111 103 162 141 130 224 155 74 232 167 191 -24of which Non-OECD 101 98 157 132 124 223 149 70 218 166 187 -22

OECD Asia OceaniaOECD Americas 1 0 - - - - 4 - 12 - - -Venezuela - - - - - - - - - - - -Other Central & South America - - 0 - - 2 - - - - - -ARA (Belgium Germany Netherlands) - - - - - - 13 - 35 7 - -Other Europe - - - - - - 8 - - 24 - -FSU - - - - - - - - - - - -Saudi Arabia 0 0 0 0 0 0 - - - - - -Algeria - - - - - - - - - - - -Other Middle East & Africa 0 - 5 4 14 - - - - - - -Singapore 48 44 52 50 38 38 58 58 80 40 105 -65Non-OECD Asia (excl. Singapore) 30 27 30 29 28 39 24 33 16 22 33 -11Other 13 13 13 13 13 13 13 13 14 13 13 0


Total OECD Trade2 874 923 989 1129 1103 876 824 629 845 1000 848 152of which Non-OECD 407 460 502 483 547 537 445 366 472 500 518 -191 Based on Monthly Oil Questionnaire data submitted by OECD countries in tonnes.2 Total figure excludes intra-regional trade.

Table 9REGIONAL OECD GASOLINE IMPORTS BY SOURCE1



13 JUNE 2018 17

Table 10: Regional OECD Gasoil/Diesel Imports by Source


OECD AmericasVenezuela 1 0 2 3 1 5 1 - 3 - - -Other Central and South America 4 10 13 8 10 25 34 53 33 15 7 8ARA (Belgium Germany Netherlands) 8 3 7 3 5 14 14 37 3 - 1 -Other Europe 4 7 3 1 2 6 4 12 - 1 - -FSU 33 15 6 2 2 11 22 39 22 5 10 -5Saudi Arabia 3 1 2 - - 8 25 33 42 2 - -Algeria - - - - - - - - - - - -Other Middle East and Africa 4 3 4 4 4 10 19 26 33 - - -Singapore - 1 0 - - - - - - - 4 -OECD Asia Oceania 15 18 18 10 14 25 10 3 12 14 18 -3Non-OECD Asia (excl. Singapore) 6 9 22 6 9 40 50 34 78 41 15 26Other 1 0 0 - - - - - - - - -


OECD EuropeOECD Americas 277 276 222 244 280 165 101 140 99 64 173 -109Venezuela 1 - - - - - - - - - - -Other Central and South America 2 3 3 - - - 8 2 23 - - -Non-OECD Europe 41 48 48 49 46 48 38 56 22 34 46 -13FSU 637 643 725 820 687 660 802 694 958 770 667 103Saudi Arabia 96 130 160 184 192 174 231 322 286 92 121 -29Algeria - 1 - - - - - - - - - -Other Middle East and Africa 57 70 72 32 70 107 53 17 49 93 48 45Singapore 3 20 15 13 21 19 20 21 14 26 9 17OECD Asia Oceania 43 40 28 35 21 20 32 22 35 39 30 9Non-OECD Asia (excl. Singapore) 122 172 125 101 83 144 142 64 162 200 231 -30Other -36 -18 21 -5 35 25 4 126 -106 -18 92 -111


OECD Asia OceaniaOECD Americas - 2 1 - 3 - - - - - - -Venezuela - - - - - - - - - - - -Other Central and South America 0 - 0 - - 0 - - - - - -ARA (Belgium Germany Netherlands) - - - - - - - - - - - -Other Europe - - - - - - - - - - - -FSU 5 5 5 5 5 5 5 4 5 5 4 0Saudi Arabia - 1 - - - - 3 - - 10 - -Algeria - - - - - - - - - - - -Other Middle East and Africa - 2 1 - - 3 - - - - - -Singapore 92 86 87 95 82 78 132 101 143 153 103 50Non-OECD Asia (excl. Singapore) 57 95 96 102 92 87 69 85 34 85 125 -40Other 4 4 4 5 5 4 4 4 5 4 4 0


Total OECD Trade2 1476 1646 1691 1715 1671 1684 1824 1895 1955 1633 1709 -76of which Non-OECD 1050 1256 1373 1327 1303 1452 1630 1617 1799 1491 1487 51 Based on Monthly Oil Questionnaire data submitted by OECD countries in tonnes.2 Total figure excludes intra-regional trade.

Table 10REGIONAL OECD GASOIL/DIESEL IMPORTS BY SOURCE1


Year Earlier


18 13 JUNE 2018

Table 11: Regional OECD Jet and Kerosene Imports by Source Year Earlier


OECD AmericasVenezuela 19 11 16 14 15 22 12 5 21 12 13 -1Other Central and South America 2 0 1 1 0 2 - - - - 0 -ARA (Belgium Germany Netherlands) 0 0 - - - - 0 - 1 - - -Other Europe 0 - 0 - - 0 1 - 0 2 - -FSU 0 0 1 - - 3 - - - - - -Saudi Arabia 2 1 2 - 4 3 4 12 - - - -Algeria 1 - 0 - - 0 - - - - - -Other Middle East and Africa 1 1 3 1 4 4 7 4 0 16 2 15Singapore - 0 2 - 3 3 1 0 1 - - -OECD Asia Oceania 88 97 104 109 107 103 51 68 47 38 105 -67Non-OECD Asia (excl. Singapore) 22 55 30 10 31 48 48 49 54 42 15 27Other 8 3 13 10 16 21 7 14 - 5 - -

Total2 141 169 171 144 181 210 131 151 125 116 135 -19of which Non-OECD 53 72 67 36 74 106 78 83 77 75 30 46

OECD EuropeOECD Americas 15 38 20 19 23 10 20 12 8 39 33 7Venezuela 6 6 5 5 0 15 1 1 1 2 - -Other Central and South America 2 1 2 2 2 2 3 3 5 1 1 1Non-OECD Europe 2 4 3 4 7 2 - - - - - -FSU 38 42 32 36 25 43 36 41 33 35 23 13Saudi Arabia 87 112 94 61 109 104 64 60 61 69 117 -48Algeria 13 14 12 11 13 11 11 8 9 16 8 8Other Middle East and Africa 157 178 207 182 265 203 207 206 290 132 187 -55Singapore 6 14 28 23 19 59 18 44 5 3 3 0OECD Asia Oceania 46 55 48 39 46 57 10 5 - 24 39 -15Non-OECD Asia (excl. Singapore) 53 51 53 90 32 45 60 67 60 53 49 4Other 21 -7 1 -1 12 -16 -7 48 -114 35 -20 55


OECD Asia OceaniaOECD Americas - - - - - - - - - - - -Venezuela - - - - - - - - - - - -Other Central and South America - - - - - - - - - - - -ARA (Belgium Germany Netherlands) - - - - - - - - - - - -Other Europe - - - - - - - - - - - -FSU - - - - - - - - - - - -Saudi Arabia - - - - - - 4 - - 10 - -Algeria - - - - - - - - - - - -Other Middle East and Africa - - 1 5 - - - - - - - -Singapore 18 24 23 17 14 24 30 26 30 34 54 -21Non-OECD Asia (excl. Singapore) 33 36 34 35 25 30 33 27 46 26 54 -28Other 14 14 21 10 7 35 48 28 85 33 14 19


Total OECD Trade2 654 751 756 683 780 833 667 728 643 628 696 -68of which Non-OECD 501 557 583 515 604 663 584 643 586 525 520 51 Based on Monthly Oil Questionnaire data submitted by OECD countries in tonnes.2 Total figure excludes intra-regional trade.

Table 11REGIONAL OECD JET AND KEROSENE IMPORTS BY SOURCE1



13 JUNE 2018 19

Table 12: Regional OECD Residual Fuel Oil Imports by Source Year Earlier


OECD AmericasVenezuela 2 17 16 11 12 7 31 36 18 37 24 13Other Central and South America 56 49 71 60 76 78 87 98 70 92 91 2ARA (Belgium Germany Netherlands) 12 12 5 4 8 4 4 10 2 - 7 -Other Europe 5 7 3 1 3 - 4 - 13 - 6 -FSU 29 49 24 11 32 33 19 44 - 11 27 -17Saudi Arabia - 0 - - - - - - - - - -Algeria 4 4 1 - - - - - - - 11 -Other Middle East and Africa 7 10 9 9 16 6 3 5 - 5 8 -2Singapore - 1 3 6 3 - - - - - 2 -OECD Asia Oceania - - - - - - - - - - - -Non-OECD Asia (excl. Singapore) 1 - 1 1 2 - - - - - - -Other - 0 0 - 2 - 9 - 30 - - -


OECD EuropeOECD Americas 12 15 6 2 6 1 - - - - 4 -Venezuela - - - - - - - - - - - -Other Central and South America 20 5 2 4 - 4 6 8 4 6 - -Non-OECD Europe 12 15 17 16 23 16 17 15 18 18 14 4FSU 537 447 193 171 159 118 184 177 164 208 229 -21Saudi Arabia - - 0 - - - 3 - - 8 0 7Algeria 3 3 1 - 3 - - - - - 2 -Other Middle East and Africa 9 16 23 19 14 35 15 27 11 7 34 -27Singapore 0 0 - - - - - - - - - -OECD Asia Oceania 13 10 9 3 10 15 7 7 8 7 14 -7Non-OECD Asia (excl. Singapore) - 0 1 - - 2 - - - - - -Other -39 -18 -8 1 85 -18 8 -48 23 51 -98 149


OECD Asia OceaniaOECD Americas 1 - 0 - - 1 - - - - - -Venezuela - - - - - - - - - - - -Other Central and South America - - - - - - - - - - - -ARA (Belgium Germany Netherlands) - - - - - - - - - - - -Other Europe - 1 - - - - - - - - - -FSU 10 4 9 14 6 11 10 20 5 4 13 -9Saudi Arabia - - - - - - - - - - - -Algeria 2 - 1 4 - - - - - - - -Other Middle East and Africa 15 5 18 29 13 29 23 12 31 26 - -Singapore 44 73 58 59 45 56 68 72 74 60 49 11Non-OECD Asia (excl. Singapore) 98 69 59 74 42 57 92 79 84 111 61 50Other 3 1 0 1 - - - - - - 1 -


Total OECD Trade2 857 796 521 500 559 456 591 562 555 652 499 153of which Non-OECD 784 734 494 487 531 435 574 545 528 645 448 1971 Based on Monthly Oil Questionnaire data submitted by OECD countries in tonnes.2 Total figure excludes intra-regional trade.

Table 12REGIONAL OECD RESIDUAL FUEL OIL IMPORTS BY SOURCE1



20 13 JUNE 2018

Table 13

AVERAGE IEA CIF CRUDE COST AND SPOT CRUDE AND PRODUCT PRICES

Table Unavailable Available in the subscription version.

To subscribe, visit: www.iea.org/oilmarketreport/subscription Table 13: Average IEA CIF Crude Cost and Spot Crude and Production Prices

http://www.iea.org/oilmarketreport/subscription


13 JUNE 2018 21

Table 14: Monthly Average End-User Prices for Petroleum Products

Total Ex-Tax Total Ex-TaxPrice Apr-18 May-17 Price Apr-18 May-17 Price Apr-18 May-17 Price Apr-18 May-17

GASOLINE 1 (per litre) France 1.532 3.1 11.4 0.586 7.1 20.3 1.808 -0.8 19.0 0.692 3.1 28.5 Germany 1.451 5.2 5.3 0.564 11.7 12.1 1.713 1.2 12.4 0.666 7.4 19.7 Italy 1.615 3.2 5.2 0.596 7.4 12.5 1.906 -0.7 12.3 0.704 3.3 20.1 Spain 1.312 4.0 7.7 0.623 7.2 14.1 1.549 0.1 15.0 0.735 3.2 21.8 United Kingdom 1.253 3.7 7.6 0.464 8.7 18.7 1.686 -0.9 11.9 0.624 3.8 23.5 Japan 147.7 2.9 11.4 80.4 5.1 21.1 1.346 0.9 13.9 0.733 3.0 23.8 Canada 1.387 2.7 21.8 0.984 3.6 31.6 1.078 1.6 28.7 0.764 2.5 39.0 United States 0.766 5.2 21.2 0.643 6.3 25.8 0.766 5.2 21.2 0.643 6.3 25.8

AUTOMOTIVE DIESEL FOR NON COMMERCIAL USE (per litre) France 1.452 3.9 19.4 0.600 7.9 28.8 1.714 -0.1 27.5 0.708 3.8 37.5 Germany 1.270 5.4 10.0 0.597 9.9 19.2 1.499 1.4 17.4 0.705 5.8 27.2 Italy 1.493 3.5 7.8 0.607 7.4 17.2 1.762 -0.4 15.1 0.717 3.4 25.1 Spain 1.216 4.5 11.6 0.638 7.2 19.5 1.435 0.5 19.1 0.753 3.2 27.6 United Kingdom 1.294 4.0 8.9 0.498 8.7 21.5 1.741 -0.6 13.4 0.670 3.9 26.4 Japan 126.3 3.4 13.4 84.7 4.8 19.5 1.151 1.4 15.9 0.772 2.8 22.2 Canada 1.317 3.9 22.9 1.002 4.9 30.3 1.023 2.8 29.9 0.778 3.8 37.7 United States 0.857 4.8 26.8 0.715 5.8 32.9 0.857 4.8 26.8 0.715 5.8 32.9

DOMESTIC HEATING OIL (per litre) France 0.914 5.2 26.8 0.605 6.6 25.7 1.079 1.2 35.4 0.715 2.6 34.2 Germany 0.727 7.8 23.8 0.550 8.8 27.1 0.858 3.7 32.1 0.649 4.6 35.7 Italy 1.288 3.6 11.8 0.652 5.9 20.6 1.520 -0.4 19.4 0.770 1.9 28.8 Spain 0.757 6.5 16.0 0.536 7.7 19.2 0.893 2.5 23.8 0.633 3.6 27.2 United Kingdom 0.606 9.0 26.4 0.466 11.4 34.9 0.816 4.1 31.6 0.627 6.4 40.4 Japan 2 88.1 1.0 16.8 79.0 1.1 17.4 0.803 -1.0 19.4 0.720 -0.9 20.1 Canada 1.171 2.7 23.0 1.054 2.8 24.6 0.910 1.6 30.0 0.819 1.7 31.7 United States - - - - - - - - - - - -

LOW SULPHUR FUEL OIL FOR INDUSTRY 3 (per kg) France 0.573 9.6 29.2 0.434 13.1 24.5 0.677 5.4 37.9 0.512 8.8 33.0 Germany - - - - - - - - - - - - Italy 0.457 11.8 21.1 0.426 12.8 23.0 0.540 7.6 29.3 0.503 8.5 31.3 Spain 0.419 8.8 16.0 0.402 9.1 16.8 0.494 4.6 23.9 0.475 5.0 24.7 United Kingdom - - - - - - - - - - - - Japan - - - - - - - - - - - - Canada - - - - - - - - - - - - United States - - - - - - - - - - - -1 Unleaded premium (95 RON) for France, Germany, Italy, Spain, UK; regular unleaded for Canada, Japan and the United States.2 Kerosene for Japan.3 VAT excluded from prices for low sulphur fuel oil when refunded to industry.

* Prices for France, Germany, Italy and Spain are in Euros; UK in British Pounds, Japan in Yen, Canada in Canadian Dollars.

% change from% change from

Table 14MONTHLY AVERAGE END-USER PRICES FOR PETROLEUM PRODUCTS

May 2018

NATIONAL CURRENCY * US DOLLARS

% change from % change from


22 13 JUNE 2018

Table 15: IEA/KBC Global Indicator Refining Margins Change

Feb 18 Mar 18 Apr 18 May 18 May 18-Apr 18 11 May 18 May 25 May 01 Jun 08 Jun

NW EuropeBrent (Cracking) 4.26 2.71 4.26 4.65 0.39 4.09 4.60 5.08 6.00 5.88 Urals (Cracking) 5.18 4.43 6.00 5.77 -0.23 5.63 5.47 5.40 6.53 6.45 Brent (Hydroskimming) -0.19 -1.30 -1.03 -0.31 0.72 -0.95 -0.29 0.13 1.23 1.50 Urals (Hydroskimming) 0.27 -0.08 0.19 0.29 0.10 0.05 0.06 -0.05 1.22 1.47

MediterraneanEs Sider (Cracking) 5.49 5.80 6.73 6.85 0.12 6.39 6.85 7.14 8.28 8.37 Urals (Cracking) 6.56 6.58 6.92 6.44 -0.48 6.29 6.18 6.29 7.14 6.57 Es Sider (Hydroskimming) 1.37 0.05 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Urals (Hydroskimming) 1.13 0.98 0.49 0.44 -0.05 0.19 0.28 0.33 1.30 1.29

US Gulf Coast50/50 HLS/LLS (Cracking) 7.50 6.82 10.05 10.44 0.39 10.59 11.36 10.35 9.87 9.40 Mars (Cracking) 3.63 2.71 4.24 5.62 1.39 5.53 6.08 6.22 5.17 4.37 ASCI (Cracking) 3.27 2.38 3.81 5.22 1.41 5.09 5.70 5.88 4.71 4.01 50/50 HLS/LLS (Coking) 9.43 8.68 12.09 12.46 0.37 12.64 13.32 12.38 11.85 11.22 50/50 Maya/Mars (Coking) 8.19 7.71 11.42 11.48 0.07 11.91 11.29 11.30 11.52 9.31 ASCI (Coking) 8.55 7.56 9.88 10.58 0.70 10.66 10.82 11.08 10.02 8.83

US MidconWTI (Cracking) 7.80 9.23 12.91 17.65 4.73 15.00 18.00 20.44 21.76 19.87 30/70 WCS/Bakken (Cracking) 12.66 13.17 14.13 18.69 4.56 15.90 18.68 21.97 23.76 17.96 Bakken (Cracking) 10.12 11.44 15.76 20.46 4.70 18.02 20.68 23.29 23.39 18.33 WTI (Coking) 9.67 11.09 15.00 19.96 4.96 17.25 20.23 22.91 24.20 22.00 30/70 WCS/Bakken (Coking) 15.73 16.10 17.73 22.15 4.42 19.37 21.92 25.58 27.39 21.12 Bakken (Coking) 10.80 12.15 16.55 21.34 4.79 18.87 21.50 24.24 24.34 19.13

SingaporeDubai (Hydroskimming) 1.47 1.18 -0.02 0.21 0.23 -0.08 0.49 0.26 0.19 0.02 Tapis (Hydroskimming) 2.36 1.75 0.71 1.11 0.40 0.70 0.77 1.85 2.56 3.08 Dubai (Hydrocracking) 6.32 6.15 5.27 5.09 -0.19 4.83 5.43 5.10 4.72 4.16 Tapis (Hydrocracking) 6.29 5.57 4.65 4.78 0.14 4.44 4.51 5.56 5.87 6.10

1 Global Indicator Refining Margins are calculated for various complexity configurations, each optimised for processing the specific crude(s) in a specific refining centre. Margins include energy cost, but exclude other variable costs, depreciation and amortisation. Consequently, reported margins should be taken as an indication, or proxy, of changes in profitability for a given refining centre. No attempt is made to model or otherwise comment upon the relative economics of specific refineries running individual crude slates and producing custom product sales, nor are these calculations intended to infer the marginal values of crude for pricing purposes. Source: IEA, KBC Advanced Technologies (KBC)

Table 15IEA/KBC Global Indicator Refining Margins1

($/bbl)

Monthly Average Average for week ending:


13 JUNE 2018 23

Table 16: Refined Product Yields Based On Total Input (%)

Jan-18 Feb-18 Mar-18 Mar-17

Mar 18 vs Previous

Month

Mar 18 vs Previous

Year

Mar 18 vs 5 Year

Average 5 Year

Average

OECD Americas

Naphtha 1.5 1.5 1.5 1.8 0.0 -0.3 -0.4 1.8Motor gasoline 47.9 48.1 46.1 45.2 -1.9 0.9 -0.1 46.3Jet fuel 9.2 9.4 9.6 9.2 0.2 0.4 1.1 8.5Other kerosene 0.2 0.1 0.1 0.1 0.0 0.0 0.0 0.1Gasoil/diesel oil 28.0 27.0 27.5 27.4 0.5 0.1 -0.8 28.3Residual fuel oil 3.6 3.7 3.6 4.0 -0.1 -0.5 -0.7 4.3Petroleum coke 4.5 4.6 4.6 4.5 0.0 0.1 0.1 4.6Other products 9.8 10.2 11.6 12.1 1.4 -0.5 -0.1 11.7

OECD Europe

Naphtha 9.1 8.7 9.0 8.6 0.2 0.4 1.1 7.9Motor gasoline 20.9 20.4 20.2 20.0 -0.2 0.2 -0.4 20.6Jet fuel 8.5 8.4 8.5 8.4 0.1 0.2 0.6 7.9Other kerosene 2.4 2.2 2.4 2.3 0.2 0.1 0.2 2.2Gasoil/diesel oil 39.6 39.3 39.1 39.4 -0.2 -0.3 -1.0 40.1Residual fuel oil 10.8 11.0 10.7 10.6 -0.4 0.1 0.4 10.2Petroleum coke 1.3 1.2 1.3 1.3 0.1 0.0 0.1 1.2Other products 12.6 13.2 13.6 14.0 0.5 -0.3 -0.5 14.2

OECD Asia Oceania

Naphtha 16.0 16.1 16.0 15.8 -0.1 0.2 2.6 13.4Motor gasoline 21.0 21.3 21.5 21.9 0.2 -0.4 -0.8 22.4Jet fuel 16.1 17.2 15.4 15.8 -1.8 -0.4 -0.3 15.7Other kerosene 6.8 7.5 5.1 4.6 -2.4 0.5 0.0 5.1Gasoil/diesel oil 28.0 28.0 27.7 28.4 -0.3 -0.7 -1.7 29.4Residual fuel oil 7.6 7.7 8.5 7.0 0.8 1.5 0.1 8.4Petroleum coke 0.4 0.3 0.4 0.4 0.1 0.0 0.0 0.4Other products 11.8 12.0 11.7 11.9 -0.2 -0.2 -0.2 11.9

OECD Total

Naphtha 6.7 6.6 6.5 6.5 -0.1 0.0 0.6 5.9Motor gasoline 34.1 33.9 33.4 32.8 -0.5 0.6 -0.3 33.7Jet fuel 10.3 10.6 10.3 10.1 -0.2 0.2 0.7 9.6Other kerosene 2.1 2.2 1.7 1.6 -0.5 0.1 0.0 1.7Gasoil/diesel oil 31.8 31.2 31.2 31.5 0.0 -0.3 -1.0 32.3Residual fuel oil 6.7 6.9 6.7 6.7 -0.1 0.0 -0.2 6.9Petroleum coke 2.7 2.7 2.8 2.7 0.1 0.1 0.1 2.7Other products 11.1 11.5 12.3 12.7 0.8 -0.4 -0.2 12.51 Due to processing gains and losses, yields in % will not always add up to 100%

Table 16REFINED PRODUCT YIELDS BASED ON TOTAL INPUT (%)1


24 13 JUNE 2018

Table 17: World Biofuels Production

2016 2017 2018 3Q17 4Q17 1Q18 Mar 18 Apr 18 May 18OECD Americas1 1026 1061 1070 1054 1088 1058 1074 1074 1074

United States 997 1032 1041 1024 1058 1046 1040 1040 1040Other 29 30 29 30 30 12 34 34 34

OECD Europe2 95 99 95 103 100 99 94 94 94France 15 15 15 17 15 15 16 16 16Germany 26 25 18 27 26 23 16 16 16Spain 5 5 6 5 5 6 6 6 6United Kingdom 13 14 10 14 13 12 9 9 9Other 35 39 46 40 41 44 46 46 46

OECD Asia Oceania3 3 4 5 4 4 5 5 5 5Australia 3 4 4 4 4 5 4 4 4Other 0 0 1 0 0 0 1 1 1

Total OECD Ethanol 1125 1164 1170 1160 1191 1162 1172 1172 1172Total Non-OECD Ethanol 645 634 671 1006 597 287 379 523 789

Brazil 493 478 495 837 445 111 203 347 613China 49 71 58 115 56 58Argentina 15 15 19 15 15 19Other 88 71 99 39 82 99 176 176 176

Total Ethanol 1770 1798 1841 2166 1788 1450 1551 1696 1961

2016 2017 2018 3Q17 4Q17 1Q18 Mar 18 Apr 18 May 18OECD Americas1 102 104 127 115 115 112 132 132 132

United States 102 104 121 115 115 109 125 125 125Other 0 0 6 0 0 2 7 7 7

OECD Europe2 233 243 246 254 245 250 244 244 244France 57 55 55 54 55 57 54 54 54Germany 46 45 52 49 47 48 53 53 53Italy 29 30 17 29 29 25 14 14 14Spain 19 21 25 22 21 23 25 25 25Other 83 92 98 99 92 98 98 98 98

OECD Asia Oceania3 10 10 13 12 8 10 14 14 14Australia 0 0 1 0 0 0 1 1 1Other 9 10 12 12 8 10 13 13 13

Total OECD Biodiesel 345 357 386 382 368 372 391 390 390Total Non-OECD Biodiesel 266 292 305 301 293 304 304 304 304

Brazil 65 74 82 81 81 82 92 82 82Argentina* 51 56 51 56 56 51Other 150 163 173 165 157 172

Total Biodiesel 611 649 691 683 661 676 695 695 695

Global Biofuels 2381 2447 2532 2850 2449 2126 2246 2390 26561 As of August 2012 OMR, OECD Americas includes Chile.2 As of August 2012 OMR, OECD Europe includes Estonia and Slovenia.3 As of August 2012 OMR, OECD Asia Oceania includes Israel.* monthly data not available.

BIODIESEL

Table 17WORLD BIOFUELS PRODUCTION


ETHANOL

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