News 3 days ago
ARA fuel oil stocks grew 9% in December
Brazil
Colombia
Denmark
France
Germany
India
Kuwait
Panama
Poland
Qatar
Singapore
Spain
U.K.
U.S.A.
Amsterdam
Antwerp
Rotterdam
HSFO
LSMGO
VLSFO
The ARA’s independently held fuel oil stocks increased 9% in December compared to November, according to Insights Global data.
Changes in monthly average ARA stocks from November to December:
- Fuel oil stocks up 730,000 bbls to 8.64 million bbls
- Gasoil stocks down 50,000 bbls to 16.73 million bbls
The region imported 161,000 b/d of fuel oil in December, significantly down from 301,000 b/d imported in November, according to data from cargo tracker Vortexa. The ARA imported low-sulphur fuel oil (LSFO) and HSFO in an equal ratio in December, compared to a 51/49 ratio in November.
The UK (27% of the total) was the region’s biggest fuel oil import source in December, followed by Poland (17%), Denmark (13%), Germany (11%) and Colombia (9%).
The ARA hub exported 266,000 b/d of fuel oil in December, an increase from 217,000 b/d of fuel oil exported in November. Fuel oil cargoes mostly departed for Brazil (21%), the US (13%), Singapore (10%), Panama (9%) and Spain (8%).
The ARA hub’s independent gasoil inventories - which include diesel and heating oil - held steady in December. The region imported 238,000 b/d of gasoil and diesel in December, down from 359,000 b/d imported in November, according to Vortexa data.
The US (29%) was the region's top import source of gasoil and diesel oil. Cargoes also arrived from India (15%), Kuwait (11%), and the UK and Qatar (8% each).
By Manjula Nair
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