European Snapshot: High Refinery Output Raises Stock Levels

摘要

High refinery output and imports boosted European jet fuel stocks to 7.7 million tons at end-June. That was 2% higher than year-earlier levels, not counting the large volume of jet fuel held in floating storage offshore European ports. Germany and Spain accounted for most of the year-on-year surplus, putting stocks in the five largest markets some 7% ahead of the June 2009 mark. Inventories in smaller countries of the OECD were 5% below year-ago rates.