Monthly oil and gas statistics from IEA

Source: press releases, 12 September 2019

Growth rate per flow and OECD region in June 2019 (year-on-year) (illustration: IEA)
Growth rate per flow and OECD region in June 2019 (year-on-year) (illustration: IEA)

Source: press releases, 12 September 2019

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

The latest IEA’s Monthly Oil Statistics report including June 2019 data shows that for Total OECD:

  • Production of crude oil, NGL and refinery feedstocks grew by 11.1% compared to the same month last year.
  • Refinery gross output of total products decreased slightly (-1.6%) on a year-on-year basis.
  • Net deliveries of total products remained decreased in June 2019 compared to June 2018 (-1.2% y-o-y).
  • Oil stock levels on national territory grew by 133 kt in June 2019 compared to the closing stock levels in May 2018 and stood at 537 million metric tons.

The latest IEA’s Monthly Gas Statistics report including June 2019 data shows that for Total OECD:

  • Production of natural gas increased by 8.1% compared to June 2018.
  • Imports (entries)* of natural gas grew by 3.6% on a year-on-year basis, and total OECD exports (exits)* also grew by 9.6% in the same period.
  • Gross consumption of natural gas increased by 4.3% in June 2019 on a year-on year basis.

*Transit volumes are included. 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 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.