ARA fuel oil stocks rise 2% in November so far

The ARA’s independently held fuel oil stocks have averaged 2% higher in November so far, compared to October’s monthly average, according to Insights Global data.

Changes in monthly average ARA stocks from October to November (so far):

Fuel oil stocks up 88,000 bbls to 5.68 million bbls Gasoil stocks up 133,000 bbls to 13.36 million bbls Fuel oil stocks have increased by 57% from May, when they hit their lowest level in more than a decade. However, inventories are 12% below February levels, before Israel and the US went to war with Iran.

The ARA hub has imported 49,000 b/d of fuel oil in November so far, down from October’s 183,000 b/d, according to Vortexa cargo flows data.

This story was originally published by Hellenic Shipping News. Read the full story at Hellenic Shipping News →