ARA stocks slip as fuel oil cargoes sail east -PJK – Reuters News

LONDON, Jan 18 (Reuters) – Oil product stocks in the Amsterdam-Rotterdam-Antwerp hub slipped this week due mainly to fuel oil stock draws, data from Dutch consultancy PJK International showed on Thursday.

Total stocks slid to 5.58 million tonnes, from 5.74 million tonnes the previous week, the data showed.

The fuel oil drop was due to two VLCCs that left the region for Asia, PJK’s Lars van Wageningen said.

Gasoil stocks edged slightly higher due to low demand along the Rhine, where stocks are high and weather has not been cold enough to boost demand, van Wageningen said.

Gasoline stocks were largely stable as strong demand for cargoes in West Africa and the Middle East helped to counter ample supply.