Weekly Oil Stock Summary: Oil Data Digest | Europe

Research evidence excerpt

Weekly Oil Stock Summary: Oil Data Digest | Europe

Update

July 23, 2026 10:46 AM 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 4.6 mln bbls last week. Crude

stocks drew by 1.9 mln bbls, driven by a draw in the US. Refined

product stocks drew by 2.6 mln bbls, driven by draws in Europe

and Asia.

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 1.9

products) drew by 4.6 mln bbls last mln bbls, driven by a draw in the US

week

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,

FEDCom/Platts. Includes US SPR.

Exhibit 3: Refined product stocks Exhibit 4: Gasoline stocks drew by 1.5

drew by 2.6 mln bbls, driven by draws mln bbls, driven by draws in Europe and

in Europe and Asia Singapore

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

includes the SPR. Fujairah stocks only compares to the 6-year average and

NW Europe/ARA crude stocks only compares to the 9-year average, due to

data availability .