Total oil product stocks independently held in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub rose by over 4% on the week to their highest since September, data from Dutch consultancy Insights Global showed on Thursday.

• Total stocks stood at 6.13 million metric tons, the data showed.
• Gasoline stocks rose by nearly 11% to 1.4 million tons, while naphtha stocks rose by over 18% to 688,000 tons.
• Lower gasoline blending margins, and strong imports, likely contributed to the rise in naphtha stocks last week, according to Insights Global’s Rick Veringmeier.
• Gasoil inventories meanwhile rose by 1% on the week to just over 2 million tons, and jet fuel stocks edged around 0.8% lower to 967,000 tons.
• Gasoil stocks were largely balanced by steady imports and exports, while jet fuel stocks rose despite a lack of imports, suggesting sluggish regional demand or output, Insights Global’s Veringmeier added.
Source: Reuters