STOCKS DATA: Diesel, gasoline stocks in ARA fall again, naphtha up

Quantum Commodity Intelligence - Major oil product stocks fell in ARA, except naphtha which edged higher from a year low, sources said Friday, citing data from Insights Global.

Diesel and gasoil stocks held in independent tanks in the trading hub were down almost 200,000 mt to just over 2.1 million mt over the week to July 22, against expectations of a rise following the closure of the Rhine to barge traffic following last week's devastating floods in Germany and Holland.

But gasoline stocks, deprived of barge supplies from the Miro refinery, Germany's largest plant, edged lower by around 20,000 mt to 870,000 mt to set another year low from the prior week.

Diesel and gasoil stocks were around 860,000 mt lower than the same week in 2019 and gasoline stocks were down around 850,000 mt from two years ago.

But naphtha stocks in ARA gained 25,000 mt to around 195,000 mt from a year low on July 15, and in the thinly stocked market were only 20,000 mt down on levels in the same week in 2019.

Naphtha imports have been healthy through the first of the year on good demand from the chemical industry, according to the Port of Rotterdam.

Jet stocks also fell over the week, down around 60,000 mt to stand at 1.14 million mt and they remained very high compared to 2019 levels when they were around 350,000mt in July.

Fuel oil stocks were down around 180,000 mt to just over 1 million mt, down slightly from July 2019 when they averaged 1.1 million mt.