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Explore how global crude oil inventory data impacts India's economy, inflation, and import costs in this insightful analysis of crude oil dependency and pricing trends. Discover crude oil supply & demand analysis and oil inventories data in one complete solution. Trusted by over 10,000 organisations worldwide. Book your free demo today. Global oil inventories are grouped into three major components. The first includes OECD commercial oil stocks and Strategic Petroleum Reserves (SPRs), with inventory data sourced from OECD national government reports. The second includes non-OECD commercial inventories and SPRs, which have grown in significance since non-OECD oil demand surpassed that of the OECD in 2015, now making up about 56% of global oil demand. However, tracking non-OECD inventory levels remains challenging due to the ... Crude oil inventories refer to the stockpiles of oil held by companies and governments, influencing global supply, demand, and market prices.
