ResearchGlobal Markets2026-11-02
ARA Hub Under Pressure: DE-NL-ES Hold 258.8k bbl Total Stock
DE-NL-ES ARA hub total成品 oil stocks = 258,777 kbbl — 12% above seasonal norm; diesel share = 57%. Brent down 2.53% to $110.56, but EUR/CNY up to 7.4283: euro-zone buyers’ landed cost rose despite lower dollar price. No buying window open — hold position.