Independent fuel oil reserves in the ARA region (Amsterdam, Rotterdam, and Antwerp) continued an upward trend in October with a 2% increase compared to the average for September. According to Insights Global data, this increase occurred while fuel oil imports in the region decreased to 174,000 barrels per day, showing a significant decline from 266,000 barrels per day in September.
Fuel Oil Imports and Exports
In October, the largest volume of fuel oil imports came from the United States (17%), France (16%), and Syria (13%). Additionally, fuel oil exports in the region reached 114,000 barrels per day, down from 177,000 barrels per day in September. The main export destinations included Spain (26%), Singapore (19%), and the United States (9%).
Read more: Oil and Energy Industry Excellence Awards Presented in Houston
Increase in Diesel Reserves
Independent diesel reserves in the region, which also include heating oil, increased by 5% in October. Diesel imports in this month reached 257,000 barrels per day, up from 197,000 barrels per day in September. The largest volume of diesel imports came from Germany (20%), Saudi Arabia (18%), and India (17%).
Furthermore, in the ARA ports, the availability of fuel for bunkering has been severely limited, and buyers are advised to consider 5 to 7 days of lead time to secure adequate fuel supply.
Read more: Santos Sets Record Production of 26.3 Million Barrels of Oil Equivalent in the Third Quarter · 1.9 Million Barrel Decrease in U.S. Crude Oil Reserves Last Week
