ARA’s independently held fuel oil stocks have dropped 4% 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 230,000 bbls to 6.29 million bbls
• Gasoil stocks up 1.96 million bbls to 16.18 million bbls

ARA's fuel oil inventories have reached their lowest monthly average of the year.

The region has imported 238,000 b/d of fuel oil so far this month, a significant increase from the 179,000 b/d imported in August, according to cargo tracker Vortexa.

Around 22% of these supplies have come from Greece, followed by Germany (11%) and United Kingdom (10%).

ARA has exported 170,000 b/d of fuel oil in September till now, down from August's 210,000 b/d, Vortexa’s data shows.

Most shipments have gone to Spain (33%), followed by Singapore (23%) and Guyana (12%).

The region’s independent gasoil inventories - which include diesel and heating oil – have jumped 14% thus far this month compared to August, according to the Insights Global data.

ARA has imported 233,000 b/d of gasoil so far in September, up from 187,000 b/d in August, according to Vortexa data.

Most cargoes arrived from Qatar (18%), United Kingdom (11%) and Saudi Arabia (10%).

Fuel supplies proceed normally in the ARA hub this week, with buyers advised to enquire about stems 5-7 days in advance for HSFO and VLSFO, and 4-5 days for LSMGO, to get competitive offers from a wider selection of suppliers, a trader said.

By Nachiket Tekawade

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