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ARA Gasoil Stocks Increase in Week Following Russia Sanctions

OIL PRODUCTS

European ARA Gasoil stocks increased again this week as inventories remain above the five year average in the first week following the new sanctions against Russia. Stocks have been boosted by supplies from Middle East, US, and China.

  • Gasoil inventories in Europe’s ARA region increased by +49k tons to 2,534m tons according to the latest Insights Global data. Gasoline stocks showed a small increase up to 1,436m tons.
  • Gasoil: +49k mt to 2,534k mt
  • Gasoline: +12k mt to 1,436k mt
  • Fuel Oil: -40k at 1,077k mt
  • Jet Fuel: -46k mt to 747k mt
  • Naphtha: -31k mt to 244k mt


Source: Bloomberg

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