European refiners’ crude and oil products stocks in December dropped by more than 11% from a year earlier, Euroilstock data showed on Tuesday.

Stocks stood at 1.02 billion barrels, 1% below November 2021 levels.

Refinery crude processing in December was down 4% from November levels to 9.22 million barrels per day but was 8% higher than December 2020 levels.

The following Euroilstock data covers 14 European Union members, Norway and the United Kingdom (in millions of barrels):
Source: Reuters (Reporting by Ahmad Ghaddar Editing by Bernadette Baum)