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In October, the ARA's fuel oil stocks increased by 2% compared to the previous month, according to Insights Global data. This rise in stocks contrasted with September's average. The ARA hub saw a decrease in fuel oil imports from 266,000 barrels per day in September to 174,000 barrels per day in October. The majority of these imports were sourced from the US, France, and Syria.
On the other hand, exports of fuel oil from the ARA region dropped significantly from 177,000 barrels per day in September to 114,000 barrels per day in October. This decrease in exports was mainly due to unloading in Spain, Singapore, and the US. The region's independent gasoil inventories, encompassing diesel and heating oil, rose by 5% in October compared to September, as per Insights Global data.
Imports of gasoil in the ARA region also increased from 197,000 barrels per day in September to 257,000 barrels per day in October. Most of these gasoil volumes arrived from Germany, Saudi Arabia, and India. Due to tight prompt bunker availability in ARA ports, buyers are recommended to allow a lead time of 5-7 days to secure adequate supplies, according to a trader.
Written by urgent.news from Hellenic Shipping News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- ARA fuel oil stocks rose 2% in October hellenicshippingnews.com
