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.

Changes in monthly average ARA stocks from September to October: Fuel oil stocks up 115,000 bbls to 5.59 million bbls Gasoil stocks up 638,000 bbls to 13.22 million bbls Fuel oil stocks increased due to higher demand from power generation and marine bunkering.