Gasoil and diesel stocks held independently across the Amsterdam-Rotterdam-Antwerp refining and storage hub climbed 4% during the latest reporting week, reaching 1.68 million metric tons, Insights Global reported. The consultancy attributed the increase in part to a rise in imports from the United States while noting that local demand remained steady, according to analyst Rick Veringmeier.
Gasoline inventories at independent tanks in the ARA hub also expanded, ticking up nearly 2% to 902,000 tons. Insights Global linked the gasoline build to continued strong blending activity during the period, Veringmeier said.
By contrast, jet fuel stocks contracted sharply, falling almost 9% to 454,000 tons. The consultancy highlighted that this level represents a seven-year low for jet fuel held independently in the ARA area, the data showed.
Fuel oil inventories increased as well, rising about 3.5% to 872,000 tons. Insights Global pointed to the arrival of import cargoes from Colombia and the United States as a contributing factor for the rise in fuel oil held at independent facilities in the hub, Veringmeier said.
The weekly snapshot from the ARA hub therefore showed divergent movements across product lines: a notable build in gasoil and moderate gains in gasoline and fuel oil, alongside a pronounced draw in jet fuel inventories. The data cited by Insights Global was compiled from independent storage and refining holdings within the Amsterdam-Rotterdam-Antwerp area, and the commentary in the release was provided by analyst Rick Veringmeier.
Takeaway - Independent stock movements in the ARA hub reflect changing import flows and steady local offtake for some products, while jet fuel availability tightened to levels not seen in seven years.