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ARA Gasoil Stocks Rise Above Five Year Average

OIL PRODUCTS

European Gasoil stocks increased again this week to take levels above the five year average for the first time since Jul 2021. Stock levels have been gradually increasing since early Dec ahead of the EU ban on Russian products which started on 5 Feb.

  • Gasoil inventories in Europe’s ARA region increased by +169k tons to 2,485m tons according to the latest Insights Global data. Gasoline stocks showed a small increase up to 1,424m tons.
    • Gasoil: +169k mt to 2,485k mt
    • Gasoline: +19k mt to 1,424k mt
    • Fuel Oil: +1 at 1,117k mt
    • Jet Fuel: -4k mt to 793k mt
    • Naphtha: +32k mt to 275k mt


Source: Bloomberg

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