Data from Euro Oil Stock showed, on Tuesday, that European stocks of crude and oil products amounted to one billion barrels in July, down 0.6 percent from the previous month and 6.3 percent on an annual basis.
The data indicated that European crude stocks last month amounted to 431.36 million barrels, down 0.7 percent from June and 4.2 percent on an annual basis.
Euro Oil Stock said European gasoline stocks in July amounted to 110.84 million barrels, down 0.6 percent on a monthly basis, but up 9.7 percent on an annual basis.
The data showed that European refiners’ consumption of crude amounted to 9.499 million barrels per day in July, down 0.3 percent from June, but up 4.1 percent on an annual basis.
(Reuters)
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