Fuel inventory in the ARA region (Amsterdam, Rotterdam, and Antwerp) in November 2023 increased by an average of 2% compared to the monthly average of October. According to Insights Global data, fuel inventory in this region has reached 5.68 million barrels, indicating an increase of 88,000 barrels compared to the previous month.
Changes in Fuel Inventory in ARA
Diesel inventory also increased by 133,000 barrels this month, reaching 13.36 million barrels. This is while the fuel inventory in the ARA region has increased by 57% compared to May, when it reached its lowest level in over a decade. However, the current inventory is 12% lower than the inventory level in February, when military tensions between Israel and the United States began with Iran.
Read more: The CEO of Tavanir Considered Power Supply for Energy-Intensive Industries Essential
Fuel Imports and Exports
In November, the ARA region imported an average of 49,000 barrels of fuel per day, a significant decrease from 183,000 barrels per day in October. The largest volume of fuel imports came from Mexico, accounting for 87%, while 11% was supplied from Finland.
At the same time, fuel exports in this region reached 184,000 barrels per day in November, an increase from 125,000 barrels per day in October. The largest export destinations include Estonia with 28%, the United Kingdom with 11%, and Finland with 4%.
Additionally, independent diesel inventories in the ARA region also increased by 1% in November. In this month, 400,000 barrels per day of diesel were imported, showing an increase from 257,000 barrels per day in October. Most of these imports came from India with 39%, Saudi Arabia with 35%, and Canada with 12%.
Traders have also warned that fuel supply at the port is limited, and buyers should act about 5 to 7 days before their needs to secure more from suppliers.
Read more: Coordination Between the Ministry of Oil and Energy to Manage Gas and Electricity Consumption in Winter · India's Peak Gasoline Demand is Likely to be Realized by 2035
