ARA fuel oil stocks rose 2% in October

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

The ARA hub imported 174,000 b/d of fuel oil in October, down from September’s 266,000 b/d, according to Vortexa cargo flows data.

Meanwhile, the region exported 114,000 b/d of fuel oil in October, down from 177,000 b/d in September, mainly for unloading in Spain (26%), Singapore (19%) and the US (9%).

The region’s independent gasoil inventories – which include diesel and heating oil – gained 5% in October, compared to September, according to the Insights Global data.

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