ARA Fuel Oil Stocks Climb as Lithuania Becomes Major Importer
1 report, 1 independent
Updated Oct 12
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What happened
ARA fuel oil stocks increased by 6% in October compared to September, reaching 5.78 million barrels. The ARA hub imported 250,000 barrels per day of fuel oil in October, with Lithuania accounting for 25% of that cargo volume. Gasoil inventories also gained 6% in October, with Germany being the largest source of gasoil imports.
Why it matters
The increase in fuel oil stocks and the tight bunker availability indicate shifts in global energy supply and demand. Lithuania is listed among the primary sources of fuel oil cargo for the ARA hub, alongside Mexico and France.