Gasoil stocks, which include diesel, that are independently held in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub fell on the week to their lowest since February 2024, data from Dutch consultancy Insights Global showed on Thursday, on a lack of imports and inland demand.
• Gasoil stocks fell around 10.2% to 1.85 million metric tonnes, and the high prices could support more imports, Insight Global’s Lars van Wageningen said, adding that there were imports expected in the coming weeks.
• Meanwhile naphtha stocks rose 8.4% to 646,000 tons, the highest so far this year, as petrochemical end users favour using cheaper propane as feedstock, Wageningen added.
• Jet fuel stocks fell around 4.3% to 870,000 tons with vessels going to multiple destinations on higher summer demand.
Source: Reuters