Weekly Oil Stock Summary: Oil Data Digest | Europe

Research evidence excerpt

Weekly Oil Stock Summary: Oil Data Digest | Europe

Update

July 20, 2026 02:08 PM GMT

Morgan Stanley & Co. International plc+MOil Data Digest | Europe Charlotte Firkins

Commodities Strategist

Weekly Oil Stock Summary Charlotte.Firkins@morganstanley.comMartijn Rats, CFA +44 20 7425-3866

Equity Analyst and Commodities Strategist

Martijn.Rats@morganstanley.com +44 20 7425-6618

Total oil inventories drew by 3.2 mln bbls in the week ending July

10th. Crude stocks drew by 4.2 mln bbls, driven by draws in the

US and Japan. Refined product stocks built by 1.0 mln bbls, as

builds in the US offset draws in Europe.

The charts below summarise all oil inventory data available on a weekly basis for Exhibit 7 : Summary table

the US from the EIA, Antwerp-Rotterdam-Amsterdam (ARA) from Genscape and

PJK, Japan from PAJ, Singapore from IE, and the Fujairah hub (UAE).

Exhibit 1: Total oil stocks (crude + Exhibit 2: Crude stocks drew by 4.2

products) drew by 3.2 mln bbls in the mln bbls, driven by draws in the US and

week ending July 10th Japan

Note: The products figure includes inventories of gasoline, middle distillates

and fuel oil plus naphtha. NW Europe data is for the ARA region. Includes

the US SPR. Source: EIA, PJK International, IE Singapore, PAJ, Genscape,

FEDCom/Platts.

Exhibit 8 : Week-over-week change compared

to 10y average

Source: EIA, PJK International, IE Singapore, PAJ, Genscape, Source: EIA, PJK International, IE Singapore, PAJ, Genscape,

FEDCom/Platts. Includes US SPR. FEDCom/Platts. Includes US SPR.

Exhibit 3: Refined product stocks Exhibit 4: Gasoline stocks drew by 1.8

built by 1.0 mln bbls, as builds in the US mln bbls, driven by draws in the US and

offset draws in Europe Singapore

and fuel oil plus naphtha. NW Europe data is for the ARA region. The US