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ARA gasoil stocks fall 10%, Insights Global data shows

Gasoil stocks, which include diesel, that are independently held in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub fell on the week to their lowest since February 2024, data from Dutch consultancy Insights Global showed on Thursday, on a lack of imports and inland demand.

• Gasoil stocks fell around 10.2% to 1.85 million metric tonnes, and the high prices could support more imports, Insight Global’s Lars van Wageningen said, adding that there were imports expected in the coming weeks.

• Meanwhile naphtha stocks rose 8.4% to 646,000 tons, the highest so far this year, as petrochemical end users favour using cheaper propane as feedstock, Wageningen added.

• Jet fuel stocks fell around 4.3% to 870,000 tons with vessels going to multiple destinations on higher summer demand.
Source: Reuters



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