Combined inventories of diesel, gasoil and jet kerosene held in the Amsterdam- Rotterdam-Antwerp region rose 1.5 million barrels to 24.2 million barrels in the latest week, according to data published Friday by BNP Paribas.
The increase for the week ending September 17 was larger than in recent weeks, with marginal builds in distillates and jet inventories.
By product, jet kerosene stocks totaled 3.4 million barrels, or around 435,900 mt, up 1.6%.
That left levels down 5.6% on last year, and 23.3% under the five-year average.
Distillates stocks -- diesel and gasoil -- rose 7.2% to 20.8 million barrels, or around 2.78 million mt. Inventories are 19.3% higher than last year, or 12.3% above the five-year average.
"ARA gasoil stocks recovered to counterbalance a large draw of a week earlier and stocks remain ample," BNP Paribas analysts said in the report.
While middle distillates stocks edged higher, gasoline stocks fell 350,000 barrels, or 10.5%, , with the overall level at 5.16 million barrels, which was 15.5% below the five-year average.
The report attributed the decline to higher exports on spot cargo bookings to the US.
Northwest European gasoline market fundamentals have pointed to overall tightness in the summer-grade market, supported by the refinery turnaround season and increased West African-grade gasoline blending.
Looking at fuel oil, inventories rose 12.5% to 4 million barrels, which was 2.9% higher than four weeks ago and 34.1% lower year on year.
ARA residual fuel oil stocks were building up despite large volumes being lifted to Asia and the West Mediterranean, traders said.
Healthy European supply was attributed to steady flows from Russia and lackluster regional demand for bunker market, traders said.
Singapore fuel stocks rose 7.2% week on week to 19.179 million barrels, the BNP report said.
