ARA gasoline stocks hit 19-month high -PJK – Reuters News
LONDON, Feb 22 (Reuters) –
Gasoline stocks in independently held storage in the Amsterdam-Rotterdam-Antwerp hub rose by around 4.7 percent to a 19-month high, data from Dutch consultancy PJK International showed on Thursday.
Stocks rose largely due to a cooling off on the arbitrage route to West Africa, and despite the motor fuel being shipped to more destinations over the course of the week, PJK’s Lars van Wageningen said.
Gasoil stocks fell slightly as expectations of colder weather in northern Europe in the coming days prompted more buying for heating fuel.