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MNI: PBOC Net Injects CNY182 Billion via OMOs Friday

CHINA PBOC INJECTS CNY189 BILLION VIA 7-DAY REVERSE REPOS FRI

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ARA Gasoil Stock Levels Hold Steady on the Week

OIL PRODUCTS
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Gasoil stock levels have levelled off this week after a gradual increase since early Dec ahead of the EU ban on Russian products next month.

  • Gasoil inventories in Europe’s ARA region decreased by -24k tons to 2,184m tons according to the latest Insights Global data. ARA Gasoil stocks are 7.8% below the five-year average for this time of year. Gasoline stocks are higher than the five year range at 1.417m tons.
    • Gasoil: -24k mt to 2,184k mt
    • Gasoline: +48k mt to 1,417k mt
    • Fuel Oil: -27k mt to 1,116k mt
    • Jet Fuel: -47k mt to 817k mt
    • Naphtha: -11k mt to 298k mt
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Gasoil stock levels have levelled off this week after a gradual increase since early Dec ahead of the EU ban on Russian products next month.

  • Gasoil inventories in Europe’s ARA region decreased by -24k tons to 2,184m tons according to the latest Insights Global data. ARA Gasoil stocks are 7.8% below the five-year average for this time of year. Gasoline stocks are higher than the five year range at 1.417m tons.
    • Gasoil: -24k mt to 2,184k mt
    • Gasoline: +48k mt to 1,417k mt
    • Fuel Oil: -27k mt to 1,116k mt
    • Jet Fuel: -47k mt to 817k mt
    • Naphtha: -11k mt to 298k mt