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ARA Gasoil Inventories Still Low Despite Weekly Increase

OIL PRODUCTS

Gasoil inventories in Europe’s ARA region increase by 125k tons to 1.814m tons according to Insights Global data released yesterday. The increase was driven by higher imports from the Arab Gulf and South Asia. Despite the increase stocks are still 30% below the 5-year average of 2.614m tons for this time of year.

  • Gasoil: +125k mt to 1,814 k mt
  • Gasoline: -21k mt to 1,271k mt
  • Fuel Oil: -51k mt to 1,046 k mt
  • Jet Fuel: -48k mt to 778k mt
  • Naphtha: -144k mt to 288k mt

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