Total fuel and crude stocks held by European refiners stood at 1.03 billion barrels in August, a slight increase from July levels and over 3% higher than levels in August last year, Euroilstock data showed on Monday.

Middle distillate stocks were more than 6% higher than a year earlier at 389 million barrels, and were about 1% above July levels.
European refiners’ crude intake stood at 9.24 million barrels per day (bpd), 1.6% higher than July levels, but over 5% below their levels the same time last year.

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

Change from Change in %
Aug-23 Jul-23 Jul-23 Aug-22 Jul-23 Aug-22
TOTAL 1,026 1,019 7.00 31.00 0.7 3.1
CRUDE 444.00 439.00 5.00 11.00 1.1 2.5
GASOLINE 106.00 105.00 1.00 -2.00 1.0 -1.9
MIDDLE DISTILLATES 389.00 386.00 3.00 23.00 0.8 6.3
FUEL OIL 59.00 60.00 -1.00 3.00 -1.7 5.4
NAPHTHA 28.00 29.00 -1.00 -4.00 -3.4 -12.5
CRUDE INTAKE (in ‘000 bpd) 9,238 9,094 144 -512 1.6 -5.3

Source: Reuters (Reporting by Ahmad Ghaddar, Editing by Louise Heavens)