Heavy fuel reserves (Fuel Oil) in the ARA region (Antwerp, Rotterdam, and Amsterdam) increased by an average of 15% in September compared to the average of August, reaching 5.33 million barrels. This data shows that heavy fuel reserves have currently increased by 706,000 barrels.
Changes in Fuel and Diesel Reserves
Diesel reserves in this region have also increased by 255,000 barrels to 12.33 million barrels. However, heavy fuel reserves are still 18% lower than the levels recorded in February, before the onset of tensions in the Middle East. Overall, heavy fuel reserves have increased by 47% since May, when they reached their lowest level in over a decade.
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Fuel Imports and Exports in September
The ARA region has averaged 276,000 barrels per day of heavy fuel imports in September so far, which is a decrease from the August average of 342,000 barrels per day. The largest shipments have come from Mexico (23%), Colombia (19%), and Benin (14%). Meanwhile, the ARA region has exported about 225,000 barrels per day of heavy fuel in September, which is an increase from 144,000 barrels per day in August. Major export destinations include Singapore (20%), the UK (12%), and Russia (11%).
Independent diesel reserves, which include diesel and heating fuel, have increased by 2% in September compared to August. In this context, diesel imports in September have reached about 141,000 barrels per day, down from 155,000 barrels per day in August. The largest shipments have come from the United States (30%), the UK (18%), and Sweden (12%).
Finally, access to bunker fuel for quick supply is limited, and buyers should consider at least 5 to 7 days to secure any type of fuel.
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