ARA Product Stocks Fall on Middle Distillate Draw (Week 48)
Independently-held oil product stocks at the Amsterdam-Rotterdam-Antwerp (ARA) trading hub inched lower in the week to 29 November as a draw in middle distillate stocks offset a rise in gasoline inventories
Latest data from consultancy Insights Global show gasoline inventories at ARA rose on the week, with traders stocking up in anticipation of an increase in export demand.
Naphtha stocks also rise, as higher imports outweighed broadly stable demand from gasoline blending and a slight uptick in demand from the petrochemical sector as colder weather drove up the price of competing feedstock propane.
Gasoil inventories at ARA declined on the back of slower imports from east of Suez, while demand up the Rhine river reached its highest level since June, according to Insights Global. Jet fuel stocks also dropped as lower imports offset weaker demand.
By Mykyta Hryshchuk