Oil product stocks drop in ARA except for gasoline

Quantum Commodity Intelligence - Middle distillate, jet, and fuel oil stocks in ARA fell over the week to Wednesday, but there was a rise in gasoline stocks, sources said, citing data from Insights Global.

Stocks of diesel and gasoil held in independent tanks in the trading hub dropped to 2.34 million mt, down from 2.48 million mt a week earlier.

Jet stocks also fell, dropping to just over 1 million mt, and down from 1.15 million mt a week earlier.

Fuel oil stocks were slightly lower, slipping to 1.44 million mt from 1.5 million mt a week earlier.

But gasoline stocks nudged higher to around 1 million mt from 930,000 mt a week earlier.

Naphtha stocks edged lower to 240,000 mt from around 255,000 mt a week earlier.