ARA fuel oil stocks rose 2% in December

Independently held fuel oil stocks in the Amsterdam-Rotterdam-Antwerp (ARA) refining, storage and bunkering hub gained 2% in December, according to Insights Global data.

Changes in monthly average ARA stocks from November to December:

• Fuel oil stocks up 110,000 bbls to 6.85 million bbls
• Gasoil stocks down 1.45 million bbls to 14.84 million bbls

The region’s independent gasoil inventories - which include diesel and heating oil – fell 9% lower in December, according to the Insights Global data.

Bunker fuel availability in the ARA hub is tight for prompt deliveries, with buyers advised to book 5-7 days in advance to secure competitive offers from a wide selection of suppliers, a trader told ENGINE.

By Nachiket Tekawade

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