ARA gasoline stocks drop to lowest level since September 2021

Investing.com -- Gasoline inventories held independently in the Amsterdam-Rotterdam-Antwerp refining and storage hub declined by more than 14% during the week, according to data released Thursday by Dutch consultancy Insights Global.

Gasoline stocks decreased to 707,000 metric tons, marking the lowest level since September 2021. Rick Veringmeier from Insights Global attributed the decline to increased exports and low refining margins that put pressure on production.

Gasoil inventories remained largely unchanged at 1.78 million tons during the period.

Jet fuel stocks fell 6.6% to 461,000 tons, while fuel oil inventories decreased 0.8% to 930,000 tons.

Total stocks in the hub stood at 4.24 million tons, the data showed.

Veringmeier noted that water levels in the Rhine were improving gradually, with ship cargo capacities rising slightly.

You May Also Be Interested In

• Iran Ready To Back 'Any Understanding' For Regional Unity - IRIB
• Compagnie des Alpes (CDA:FP) PT Raised to EUR25.40 at Bernstein SocGen Group
• Enphase Energy (ENPH) PT Lowered to $29 at JPMorgan