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ARA oil product stocks steady, Insights Global data shows

Saturday, 19 October 2024 | 00:00

Independently held refined oil products stocks in storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage were broadly steady in the week to Thursday, data from Dutch consultancy Insights Global showed.

  • Total inventories reached 6.23 million metric tons by Thursday, the data showed, from 6.22 million tons the previous week.
  • Gasoil stocks fell by around 5% to 2.2 million tons, the data showed, as heating oil demand from inland locations strengthened, Lars van Wageningen of Insights Global said.
  • Gasoline inventories meanwhile fell by about 4% to around 1.05 million tons on higher inland demand, Wageningen said.
    Source: Reuters (Reporting by Ahmad Ghaddar;Editing by Elaine Hardcastle)

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