European Snapshot: Higher Regional Supplies Fill Lean Tanks

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European jet fuel stocks rebounded to 8.3 million tons in May from lows that had pushed tank levels down by 20% versus year-earlier. The UK showed the largest 40% deficit with stocks dipping to just 752 million tons as traders struggled to offset the loss of Russian supplies. Depleted Spanish stocks were 30% below year ago rates amid strong tourist arrivals into the country. Tanks in smaller countries continued to recede.

Jet Fuel, Oil Inventories, Oil Supply
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