Full Title: Oil & Gas Data Reviews August 2025
Author(s): IEF
Publisher(s): IEF
Publication Date: August 20, 2025
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Description (excerpt):
Overview: Update with Data Through June 2025 Oil demand in JODI-reporting countries was up in June by 1.23 mb/d month-on-month (m/m) and by 638.1 kb/d year-on-year (y/y). The m/m growth was driven mainly by higher demand in the US (+1.28 mb/d), Canada (+263 kb/d), Italy (+261 kb/d), the UK (+179 kb/d) and South Korea (+153 kb/d). The y/y increase was also driven by higher crude oil demand from the US (1.36 mb/d), Canada (+228 kb/d), Italy (+183 kb/d), the UK and India (+118 kb/d), and Norway (+107 kb/d), partially offset by lower demand from Indonesia (-1.26 mb/d), and Germany (-208 kb/d). The global Gasoline demand in the preliminary JODI reporting countries rose by 1.05 mb/d, Diesel by 11.7 kb/d, and Kerosene by 130.4 kb/d, whereas LPG demand declined by 202 kb/d. Global Crude oil production in JODI-reporting countries rose by 524 kb/d m/m and by 1.45 kb/d y/y. The m/m growth noted an increase of oil production mainly from Saudi Arabia (+568 kb/d),and Canada(+170.3 kb/d). The y/y growth was driven by higher production from Saudi Arabia (+922 kb/d), Nigeria (+234 kb/d), and the US (+186 kb/d), and Venezuela (+147 kb/d). Crude inventories in JODI-reporting countries declined by 1.14 mb in June m/m, settling at 166 mb below the 5-year average. Product inventories were up by 6.8 mb, m/m and settled at 57.6 mb below the 5-year average.