Industrial petroleum stocks reached 36.8 mil barrels in 2013 in Australia, according to EIA. This is 1.88 % less than in the previous year.
Historically, industrial petroleum stocks in Australia reached an all time high of 42.2 mil barrels in 1995 and an all time low of 32.4 mil barrels in 2003.
Australia has been ranked 16th within the group of 34 countries we follow in terms of industrial petroleum stocks, 1 places above the position seen 10 years ago.
Global strategic petroleum reserves ("GSPR") refer to crude oil inventories (or stockpiles) held by the government of a particular country, as well as private industry, for the purpose of providing economic and national security during an energy crisis.