Monthly oil and gas statistics from IEA

Source: press releases, 12 August 2019

Indigenous production of crude oil, NGL and feedstocks by OECD Region
Indigenous production of crude oil, NGL and feedstocks by OECD Region (source: IEA)

The International Energy Agency (IEA) has released its monthly oil and gas statistics.

The latest IEA Monthly Oil Statistics report, including May 2019 data, shows that for Total OECD:

  • Production of crude oil, NGL and refinery feedstocks grew by 7.7% compared to the same month last year.
  • Refinery gross output of total products decreased slightly (-0.7%) on a year-on-year basis.
  • Net deliveries of total products decreased in May 2019 compared to May 2018 (-1.8% y-o-y)
  • Oil stock levels on national territory grew by 3091 kt in May 2019 compared to the closing stock levels in April 2019 and stood at 539 million metric tons.

The latest IEA Monthly Gas Statistics report, including May 2019 data, shows that for Total OECD:

  • Production of natural gas increased by 8.2% compared to May 2018.
  • Imports (entries) of natural gas grew by 7.6% on a year-on-year basis, and total OECD exports (exits) also grew by 12.2% in the same period.
  • Gross consumption of natural gas increased by 6.3% in May 2019 on a year-on-year basis
  • Transit volumes are included for entries and exits. Trade amounts include intra-regional trade.

Monthly Oil Price Statistics
In May 2019, crude oil import costs increased by 2% recording the fifth consecutive month of growth. At 69 US dollars per barrel, prices were 30% higher than in December 2018. In July 2019, crude oil spot prices increased by 2%, offsetting part of the strong decrease recorded in June (-10%).

In July 2019, for gasoline two different trends were recorded among IEA countries: prices evaluated in national currencies rose in north America (+4% in Canada and +1% in the United States) and fell in Europe and Japan (-3% in Germany and -2% in France and Japan).

In July 2019, prices for automotive diesel followed a different pattern compared to gasoline, falling in each individual country, with the highest decreases in Canada and in the United Kingdom (-2%).

IEA monthly statistics provide timely and consistent electricity, natural gas, oil, oil price data for all OECD Member Countries going back to January 2000. For more information on energy statistics, visit www.iea.org/statistics.