Access to fuel at ARA ports (Antwerp, Rotterdam, and Amsterdam) has been significantly limited. According to reports, buyers should consider a lead time of 5 to 7 days to secure fuel. Additionally, suppliers are facing difficulties in loading various types of oil fuel.
Increased Demand for B100 in Rotterdam
In Rotterdam, demand for B100 has significantly increased. An analysis of fuel quality data shows that the number of B100 samples at this port has notably risen from January to August this year compared to the same period last year.
Read more: DNV's Analysis of the Impact of Regulations on Energy Transfer in Maritime Transport
Changes in Oil Fuel Reserves
Independent oil fuel reserves in the ARA region in September were on average 15% higher than the August average. These reserves have increased by about 47% since May, when they reached their lowest level in over a decade. However, inventories are still 18% below the levels of February, before tensions began in the Middle East.
In September, the ARA region imported about 276,000 barrels per day of oil fuel, a decrease from the August average of around 342,000 barrels per day. Most of these shipments came from Mexico (23%), Colombia (19%), and Benin (14%).
Fuel Access Situation in the Mediterranean and Africa
In the Strait of Gibraltar, access to fuel for immediate delivery dates is limited, and buyers must consider a lead time of 7 to 10 days to secure any type of fuel. Additionally, in the Lagos anchorage in Nigeria, access to fuel is restricted due to maintenance operations at some local refineries.
In Angola, one supplier has announced that VLSFO and LSMGO inventories have run out, and restocking is expected within 1 to 2 weeks. In South Africa, access to fuel at the Durban port is very limited, and buyers should consider a lead time of 10 to 15 days for securing deliveries at these ports.
Read more: Trump's Sanctions Against Russia Threaten Europe's LNG Supply · Seyed Ismail Hosseini Emphasized the Ministry of Oil's Efforts in Fuel Supply
