Oil product stocks independently held in the Amsterdam-Rotterdam-Antwerp (ARA) refining hub fell by 3% on the week to their lowest since February 2024, data from Dutch consultancy Insights Global showed on Thursday.
- Total stocks stood at 5.34 million metric tons, the data showed.
- Gasoline stocks declined 2% to 1.1 million tons on slower imports, Insight Global’s Lars van Wageningen said.
- Gasoil stocks, which include diesel, were higher by 4% at 1.92 million tons as imports rebounded, Wageningen said.
- Jet fuel stocks fell by 11% to 774,000 tons on firmer demand.
- Fuel oil stocks dropped over 8% to 961,000 tons as exports to the Mediterranean continued, Wageningen said.
Source: Reuters