Total fuel and crude stocks held by European refiners stood at 1.002 billion barrels in December, down by a marginal 0.3% on the month and steeper 2.1% on the year, Euroilstock data showed on Wednesday.

Middle distillate stocks stood at 385 million barrels, slightly below both November and December 2022 levels, the data showed.
Gasoline inventories were 1% higher on the month but down by almost 2% on the year in December, at 106 million barrels.

European refiners’ crude intake stood at 9.681 million barrels per day (bpd), around 4% higher than the previous month, but 1% down versus last December.

The following Euroilstock data covers 14 European Union members, Norway and the United Kingdom (in millions of barrels):

Change from Change in %
Dec-23 Nov-23 Nov-23 Dec-22 Nov-23 Dec-22
TOTAL 1,002 1,005 -3.00 -21.00 -0.3 -2.1
CRUDE 426 426 0.00 -7.00 0.0 -1.6
GASOLINE 106 105 1.00 -2.00 1.0 -1.9
MIDDLE DISTILLATES 385 387 -2.00 -1.00 -0.5 -0.3
FUEL OIL 56 58 -2.00 -9.00 -3.4 -13.8
NAPHTHA 29 29 0.00 -2.00 0.0 -6.5
CRUDE INTAKE (in ‘000 bpd) 9,681 9,281 400 -119 4.3 -1.2
Source: Reuters (Reporting by Robert Harvey and Ahmad Ghaddar in London; editing by David Evans)