ARA fuel oil stocks drop 2% in September
ARA’s independently held fuel oil stocks have declined 2% in September so far, according to Insights Global data.
Changes in monthly average ARA stocks from August to September (so far):
- Fuel oil stocks down 160,000 bbls to 6.36 million bbls
- Gasoil stocks up 1.90 million bbls to 16.11 million bbls
ARA's fuel oil stocks are almost at 2025’s lowest monthly average, recorded in July.
The region has imported 235,000 b/d of fuel oil so far in this month, a considerable increase from 179,000 b/d imported in August, according to cargo tracker Vortexa.
Around 15% of these supplies have come from Greece, followed by Germany (13%) and the United States of America (12%).
The ARA has exported 184,000 b/d of fuel oil in September so far, down from 210,000 b/d shipped in August, Vortexa’s data shows.
Most cargoes have departed for UAE (29%), Spain (15%) and United States (14%).
The region’s independent gasoil inventories - which include diesel and heating oil – have surged 13% in September so far, compared to August, the Insights Global data.
The ARA has imported 209,000 b/d of gasoil so far in September, more than the 187,000 b/d imported in August, according to Vortexa data.
United Kingdom has emerged as the region's top import source, supplying 21% of volumes, followed by Qatar (14%) and India (13%).
Fuel availability is stable in ARA this week, a trader said. For LSMGO deliveries, buyers are advised to book 4-5 days ahead to get good coverage from suppliers. Lead times of 5-7 days are advised for VLSFO and HSFO supplies.
By Nachiket Tekawade
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