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ARA oil product stocks hit 19-month high, Insights Global data shows

ReutersDec 27, 2024 4:00 PM

- Refined oil product stocks independently held in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub rose by nearly 3% on the week to their highest since May 2023, data from Dutch consultancy Insights Global showed.

  • Overall stocks stood at 6.47 million metric tons, supported by high gasoline and fuel oil inventory levels, data from Insights Global showed.

  • Fuel oil stocks rose by 15% on the week to 1.47 million tons, marking their highest since early July.

  • Incoming cargoes from the Caribbean resulted in a fuel oil stockbuild along with weak bunkering demand in ARA, Insight Global's Lars van Wageningen said.

  • Gasoil stocks, which include diesel and heating, rose by 1.5% on the week to 2.21 million tons, the highest in four weeks.

  • Gasoline inventories fell by 1% to 1.36 million tons, but remained their highest in over a year.

The following table shows volumes in thousands of tons:

27/12/2024

19/12/2024

28/12/2023

Gasoline

1,356

1,371

919

STK-GL-ARA

Naphtha

556

558

268

STK-NAF-ARA

Gasoil

2,213

2,180

1,825

STK-GO-ARA

Fuel oil

1,472

1,277

1,286

STK-FO-ARA

Jet fuel

875

902

697

STK-JET-ARA

Product

Incoming cargoes

Outgoing cargoes

Gasoline

Baltics, Denmark, Germany, Norway, Portugal, Turkey, U.K.

Argentina, Caribbean, France, Spain, U.K., U.S.

Naphtha

Mediterranean, Norway, Portugal, Spain, U.K.

Sweden, U.K.

Gasoil

Kuwait, U.S.

France, Ireland, Norway, Poland, Sweden, U.K.

Fuel Oil

Baltics, Colombia, France, Germany, Poland, Sweden, U.K.

Germany, U.K., U.S.

Jet-kero

U.S.

Denmark, Norway, U.K.

*COPYRIGHT NOTICE* - Any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without the prior approval of PJK International B.V.

(Reporting by Enes Tunagur; editing by Barbara Lewis)

((Enes.Tunagur@thomsonreuters.com;))

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