Oil product stocks independently held in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub fell by more than 2% on the week to their lowest since February 2024, data from Dutch consultancy Insights Global showed on Thursday.
- Total stocks stood at 5.27 million metric tons, their lowest since February 8, 2024, the data showed.
- Gasoil stocks, which include diesel, declined 0.5% to 1.75 million tons as exports were steady, Insight Global’s Lars van Wageningen said.
- Jet fuel stocks fell by 7.5% to 745,000 tons on firm demand owing to the travel season, Wageningen said.
- Fuel oil stocks were 2.5% lower at 998,000 tons on steady exports to the Mediterranean, he added.
- Gasoline stocks were 1% higher at 1.22 million tons.
Source: Reuters