Nieuws

What Drives Tank Storage Demand? Arbitrage!

16 oktober 2017 

Geographical price differences will lead to increased trade! In this article we would like to highlight the subject arbitrage and what this theme has for impact on the tank storage market.

Introduction to Arbitrage Economics
In theory (Investopedia), arbitrage is the simultaneous purchase and sale of an asset to profit from a difference in the price. It is a trade that profits by exploiting the price differences of identical or similar positions on different markets or in different forms. Arbitrage exists as a result of market inefficiencies.

Learn what drives tank storage demand. Join the FREE Webinar: PJK Tank Terminal Commercial Performance Model upcoming October 30th 2017.

But how does this work in practice? As commodity trading firm Trafigura describes on their website, they apply three forms of physical arbitrage:

  • Geographical arbitrage identifies temporary price anomalies between different locations;
  • Time arbitrage seeks to benefit from the shape of the forward curve for physical delivery (see our article on market structure); and
  • Technical arbitrage seeks to benefit from the different pricing perceptions for particular commodity grades and specifications.

In this article and to make things clear we will focus solely on geographical arbitrage and in particular the Northwest European Singapore arb for heavy fuel oil.

In order to calculate heavy fuel oil’s price difference between Northwest Europe or ARA and Singapore, we compare the FOB ARA spot price with FOB Singapore swap price, second month due to the duration of the voyage. The difference between these values is the spread and should be large enough to cover the trade costs.

On most occasions heavy fuel oil is shipped to Singapore in a VLCC (Very Large Crude Carrier/310 kt DWT) and loads approximately 270 kt of product. We therefore sum the VLCC freight rate, finance costs, port costs, inspection costs and demurrage to come to total trade costs. Should the spread be more than the trade costs the arb between both regions is open. When the spread is less than the trade costs the arbs is closed.

Learn what drives tank storage demand. Join the FREE Webinar: PJK Tank Terminal Commercial Performance Model upcoming October 30th 2017.

Importance of arbitrage to tank storage companies
From historical analysis we have learned that in the period between 1 January 2016 till 31 May 2017, 68% of the VLCC’s left for Singapore when the arb was open. 32% of the VLCC’s still undertook the voyage to Singapore when the arb was closed. So monitoring if arbs are open (or closed) is a good indication, to understand if trade between two regions is likely to increase. A positive trading environment, ultimately will influence tank storage dynamics.

Please note that arbitrage cannot be seen as a single indicator for business opportunities for tank storage companies. Other indicators that should be taken into account are: price volatility, market structure, and more. These subjects have been highlighted in other articles.

Source: www.trafigura.com.

ARA product stocks little changed

12 oktober 2017 

LONDON, Oct 12 (Reuters) – Total oil product stocks held in independent storage facilities at the Amsterdam-Rotterdam-Antwerp refining were hardly changed at 5.68 million tonnes in the week to Thursday, according to data from Dutch consultancy PJK International.

Gasoline stocks remained flat, with exports to the Middle East rising above average levels, PJK’s Patrick Kulsen said.

Naphtha stocks were down 11 percent due to strong demand from the petrochemical sector and gasoline blenders.

Gasoil stocks were little changed as lower production from refinery maintenance offset higher import volumes and weak inland demand, Kulsen said.

Learn more on current and future market dynamics that impact the ARA tank storage sector in our revised ARA TT study.
X
PJK International is also consulted for (medium and long term) supply and demand forecasting, tradeflow forecasting, oil tanker vessel tracking and its view on price trends on NWE oil markets. Read more on PJK Consultancy Services
X
*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.
X

 

What drives tank storage demand? Market Structure

9 oktober 2017 

The market structure stimulates traders to buy now and sell late. In this article we would like to highlight the themes contango and backwardation and what market structure means for tank storage operators.

Introduction contango and backwardation
An oil price for immediate delivery is called spot price or cash price while an oil price for delivery at a specified date in the future is called a forward price. When we plot these various prices and order them from short to long term delivery, a forward curve is created.

When a futures price (second month) is below a futures spot price (first or front month), the market structure is in backwardation. In this case, the forward curve is downward sloping. When the futures spot price is below the futures price, the market structure is known as contango. In this case, the forward curve is upward sloping.

Learn what drives tank storage demand. Join the FREE Webinar: PJK Tank Terminal Commercial Performance Model upcoming October 30th 2017.

A contango usually occurs when supply is higher relative to demand (supply glut) while in a backwardation demand is higher relative to supply (shortage). As time evolves, an oil forward curve can switch from backwardation into contango as in the case of the NYMEX RBOB futures forward curve (see: figure 2). When a cyclical pattern is visible, this is called seasonality. With respect to NYMEX RBOB futures, US gasoline prices tend to rise towards summer driving season during the period June and September. In the period before peak demand, oil traders tend to buy and store products to have product available in times of high consumption.

Learn what drives tank storage demand. Join the FREE Webinar: PJK Tank Terminal Commercial Performance Model upcoming October 30th 2017.

Importance of market structure to tank storage companies
In a period of contango, oil traders are encouraged to buy oil products today and sell in the future when the spread between two months covers storage, shipping and finance costs. When this opportunity presents itself, product is being sold, shipped and stored, resulting in more business for tank storage companies. This play is known as a ‘contango storage play’ but is limited by the maximum tank storage capacity available.

In some rare occasions, when the time spread is large enough even tanker vessels are chartered by trading companies to store oil products. This is known as floating storage. In this rare environment demand for tank storage is high and pushes storage rates for spot availability. Backwardation discourages storing oil products as a trader can sell oil today at a better price than in the future.

Is market structure the only business opportunity indicator for tank storage companies?
There are other indicators that should be taken into account such as price volatility, arbitrage and more. These topics and PJK’s market model will be covered in upcoming weeks.

Learn what drives tank storage demand. Join the FREE Webinar: PJK Tank Terminal Commercial Performance Model upcoming October 30th 2017.

Source: Morgan, D., Oil 101, 2009

ARA gasoline stocks down 6 percent

5 oktober 2017 

LONDON, Oct 5 (Reuters) – Gasoline stocks held in independent storage facilities at the Amsterdam-Rotterdam-Antwerp refining hub fell 6 percent to 788,000 tonnes in the week to Thursday, according to data from Dutch consultancy PJK International.

Gasoil inventories edged lower by about 2 percent as demand rose in inland markets to fill local storage with winter grade gasoil.

The partial shutdown of Shell’s Pernis refinery for maintenance was resulting in an additional pull on stocks.

Naphtha stocks were relatively stable, while fuel oil rose and jet fuel fell.

Learn more on current and future market dynamics that impact the ARA tank storage sector in our revised ARA TT study.
X
PJK International is also consulted for (medium and long term) supply and demand forecasting, tradeflow forecasting, oil tanker vessel tracking and its view on price trends on NWE oil markets. Read more on PJK Consultancy Services
X
*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.
X

 

What drives tank storage demand? Price Volatility!

2 oktober 2017 

Volatility is applied to describe fluctuations of oil prices and it relates to the level of uncertainty in the market. Historic volatility is calculated by the standard deviation of an oil price return series, measured during a certain time frame.

Introduction to Price Volatility
Price volatility will stimulate traders to buy low and sell high. In this article you will learn about price-volatility and how it influences demand for tank storage.

There are other ways to calculate volatility i.e. looking at the daily high and low range of oil prices during a trading session or the estimated volatility of an option (implied volatility). Implied volatility offers an outlook on the expected volatility and is the opposite to historic volatility that looks back into recent history. It is important to understand that there are events that can impact the level of price volatility.

Learn what drives tank storage demand. Join the FREE Webinar: PJK Tank Terminal Commercial Performance Model upcoming October 30th 2017.

When analyzing the Brent crude price and periods of high volatility (see figure 1, orange circles) there are a number of time frames when crude futures prices dropped while volatility expanded. In this chart we have focused on three periods. Early March, US stock reports showed higher-than-estimated builds in American crude inventories which resulted in a collapse of oil prices. In April and May, US crude production rose to record high and worries grew on OPEC members’ compliance to their output reduction deal. Late May, the market reacted disappointed on OPEC’s decision to extend its output reduction deal. In all cases, oil prices showed a steep drop and price volatility grew. In figure 2, these periods could clearly be identified as a high volatility regime.

Learn what drives tank storage demand. Join the FREE Webinar: PJK Tank Terminal Commercial Performance Model upcoming October 30th 2017.

Importance of price volatility to tank storage companies
Important for tank storage companies to understand is that in times of high volatility, such as described in these three cases, trading volumes on the paper market are very high. As traders are able to make bigger profits in a high volatile regime when an old saying become reality: ‘buy low and sell high’. Taking into account that every paper position is squared by a physical position, one can understand that also physical trade will increase. More physical trade will eventually lead to more demand for tank storage capacity.

Is price volatility the only business opportunity indicator for tank storage companies?
There are other indicators that should be taken into account such as market structure, arbitrage and more. These topics and PJK’s market model will be covered in upcoming weeks.

Learn what drives tank storage demand. Join the FREE Webinar: PJK Tank Terminal Commercial Performance Model upcoming October 30th 2017.

Source: Grimes, A.H., Trading Volatility Compression, 2014

ARA product stocks up 6 pct, led by fuel oil

28 september 2017 

LONDON, Sept 28 (Reuters) – Total oil product stocks held in independent storage facilities at the Amsterdam-Rotterdam-Antwerp refining hub rose more than 6 percent to 5.72 million tonnes in the week to Thursday, according to data from Dutch consultancy PJK International.

Fuel oil stocks were up nearly 17 percent to 1.29 million tonnes due to high import levels, particularly from the Baltics, and limited exports to main destination Singapore, PJK analyst Jacob van den Berge said.

He added the arbitrage to Asia from northwest Europe was now looking more attractive and more tankers were expected to come to Rotterdam to ship fuel oil in the coming weeks.

Gasoline was up around 3 percent with loadings to the United States muted throughout the week, ven den Berge said.

Gasoil stocks were up marginally with inland demand for the product seen weak.

Learn more on current and future market dynamics that impact the ARA tank storage sector in our revised ARA TT study.
X
PJK International is also consulted for (medium and long term) supply and demand forecasting, tradeflow forecasting, oil tanker vessel tracking and its view on price trends on NWE oil markets. Read more on PJK Consultancy Services
X
*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.
X

 

ARA gasoline stocks fall 2 pct

21 september 2017 

LONDON, Sept 21 (Reuters) – Gasoline stocks independently held in the Amsterdam-Rotterdam-Antwerp hub declined by 2 percent in the week to Thursday, data from Dutch consultancy PJK International showed.

Exports from the region have slowed down over the past week, PJK analyst Jacob van den Berge said.

“We saw exports to West Africa growing but exports to the U.S. weakening from previous weeks that followed Hurricane Harvey.”

Gasoil stocks, which include diesel and heating oil, also slightly declined but inland demand remained weak due to high product prices, van den Berge said.

Learn more on current and future market dynamics that impact the ARA tank storage sector in our revised ARA TT study.
X
PJK International is also consulted for (medium and long term) supply and demand forecasting, tradeflow forecasting, oil tanker vessel tracking and its view on price trends on NWE oil markets. Read more on PJK Consultancy Services
X
*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.
X

 

ARA gasoline stocks drop by 3pct

7 september 2017 

LONDON, Sept 7 (Reuters) – Gasoline stocks independently held in the Amsterdam-Rotterdam-Antwerp hub declined by 3 percent in the week to Thursday, data from Dutch consultancy PJK International showed on Thursday.

The decline was mainly driven by a sharp rise in exports of gasoline to North and Latin America after Hurricane Harvey knocked out more than a quarter of the refining capacity in the United States last week.

Gasoil stocks, which include diesel and heating oil, were little changed on the week at 2.74 million tonnes.

Learn more on current and future market dynamics that impact the ARA tank storage sector in our revised ARA TT study.
X
PJK International is also consulted for (medium and long term) supply and demand forecasting, tradeflow forecasting, oil tanker vessel tracking and its view on price trends on NWE oil markets. Read more on PJK Consultancy Services
X
*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.
X

 

ARA gasoil stocks drop more than 5 pct in past week

24 augustus 2017 

LONDON, Aug 24 (Reuters) – Gasoil stocks in independently held storage at the Amsterdam-Rotterdam-Antwerp refining and storage hub fell by 5.28 percent in the week to Thursday, data from Dutch Consultancy PJK International showed.

Stocks, which stood at 2.74 million tonnes, fell largely on the back of lower regional production, especially with the outage at Shell’s 404,000 barrels per day Pernis oil refinery in Rotterdam, PJK’s Patrick Kulsen said.

Most units at the refinery have now restarted operations following a fire that led to their shutdown on July 29, Shell said on Thursday.

Limited exports to Asia drove fuel oil stocks up by more than 27 percent.

Gasoline declined by 2.23 percent with lower than average export volumes to the United States keeping stock levels buoyed, Kulsen said.

Learn more on current and future market dynamics that impact the ARA tank storage sector in our revised ARA TT study.
X
PJK International is also consulted for (medium and long term) supply and demand forecasting, tradeflow forecasting, oil tanker vessel tracking and its view on price trends on NWE oil markets. Read more on PJK Consultancy Services
X
*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.
X

 

ARA product stocks bounce back from nine-month low

17 augustus 2017 

LONDON, Aug 17 (Reuters) – Oil product stocks at the Amsterdam-Rotterdam-Antwerp refining and storage hub rose in the week to Thursday after traders stepped in to fill a shortage seen in recent weeks, data from Dutch consultancy PJK International showed.

Stocks rose by around 8 percent to 5.462 million tonnes, after falling to their lowest levels since late November following a shutdown at Shell’s Pernis refinery in Rotterdam and backwardation in the market pricing, which discourages storage.

“Players have reacted to the shortage over the past week and decided to ship in more,” said PJK’s Patrick Kulsen.

Shell aims to restart Pernis by the end of August.

Learn more on current and future market dynamics that impact the ARA tank storage sector in our revised ARA TT study.
X
PJK International is also consulted for (medium and long term) supply and demand forecasting, tradeflow forecasting, oil tanker vessel tracking and its view on price trends on NWE oil markets. Read more on PJK Consultancy Services
X
*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.
X

 

ARA total product stocks fall to lowest since late Nov

10 augustus 2017 

LONDON, Aug 10 (Reuters) – Total oil product stocks at the Amsterdam-Rotterdam-Antwerp refining and storage hub fell to their lowest level since November 24 in the week to Thursday, data from Dutch consultancy PJK International showed.

Stocks were down 6.6 percent on the week to 5.06 million tonnes, with drops seen across all products.

A shutdown at Shell’s 404,000 barrels per day Pernis oil refinery in Rotterdam as well as backwardation in the market pricing for oil products which discourages storage are behind the falls, PJK’s Jacob van den Berge said.

Shell said on Thursday it aimed to restart most units at the Pernis refinery, which were shut down due to a fire in late July, before the end of August.

Learn more on current and future market dynamics that impact the ARA tank storage sector in our revised ARA TT study.
X
PJK International is also consulted for (medium and long term) supply and demand forecasting, tradeflow forecasting, oil tanker vessel tracking and its view on price trends on NWE oil markets. Read more on PJK Consultancy Services
X
*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.
X

 

ARA total product stocks fall on Pernis outage

3 augustus 2017 

LONDON, Aug 3 (Reuters) – Total oil product stocks at the Amsterdam-Rotterdam-Antwerp refining and storage hub fell by 4.7 percent to 5.42 million tonnes in the week to Thursday following an unplanned outage at Europe’s largest refinery, data from Dutch consultancy PJK International showed.

“Stocks … show a decline almost at all product levels except for gasoline and that has to do with the Pernis outage,” PJK’s Jacob van den Berge said.

Royal Dutch Shell shut most units at the 404,000-barrel-per-day Pernis plant in the Netherlands following a power outage caused by a fire on the evening of July 29.

Shell said the earliest restart expected for the refinery is the second half of August.

Gasoline stocks rose on the week due to higher import volumes and as export volumes to West Africa and Asia Pacific slowed, van den Berge said. He added that exports to the United States, however, were at a higher level that the previous week.

Learn more on current and future market dynamics that impact the ARA tank storage sector in our revised ARA TT study.
X
PJK International is also consulted for (medium and long term) supply and demand forecasting, tradeflow forecasting, oil tanker vessel tracking and its view on price trends on NWE oil markets. Read more on PJK Consultancy Services
X
*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.
X

 

ARA gasoil down 2.9 percent on export demand

20 juli 2017 

LONDON, July 20 (Reuters) – Gasoil stocks in independent storage at the Amsterdam-Rotterdam-Antwerp (ARA) hub declined by 2.9 percent in the week to Thursday, data from Dutch consultancy PJK International showed.

Stocks stood at around 2.83 million tonnes, having fallen due to strong export demand from the hub to the Mediterranean and West Africa, PJK’s Patrick Kulsen said.

Gasoline stocks were little change compared with the previous week, but were over 40 percent lower than their level the same time last year.

Fuel oil stocks jumped nearly 32 percent to 1.09 million tonnes week-on-week in the absence of any exports to the Asia-Pacific from the region, Kulsen said.

Learn more on current and future market dynamics that impact the ARA tank storage sector in our revised ARA TT study.
X
PJK International is also consulted for (medium and long term) supply and demand forecasting, tradeflow forecasting, oil tanker vessel tracking and its view on price trends on NWE oil markets. Read more on PJK Consultancy Services
X
*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.
X

 

ARA gasoline stocks down 4.5pct

6 juli 2017 

LONDON, July 6 (Reuters) – Gasoline stocks in independent storage in the Amsterdam-Rotterdam-Antwerp (ARA) hub dropped 4.5 percent in the week to Thursday to their lowest level since November 2016, data from Dutch consultancy PJK International showed.

The decline in gasoline stocks to 823,000 tonnes was due to higher exports from the region, particularly to West Africa, PJK’s Jacob van den Berge.

Gasoline stocks were little changed and the market was largely balanced, Kulsen said.

Learn more on current and future market dynamics that impact the ARA tank storage sector in our revised ARA TT study.
X
PJK International is also consulted for (medium and long term) supply and demand forecasting, tradeflow forecasting, oil tanker vessel tracking and its view on price trends on NWE oil markets. Read more on PJK Consultancy Services
X
*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.
X

 

ARA gasoil stocks up 2.7 pct on higher imports

29 juni 2017 

LONDON, June 29 (Reuters) – Gasoil stocks in independent storage in the Amsterdam-Rotterdam-Antwerp (ARA) hub rose 2.7 percent in the week to Thursday on high import levels, according to data from Dutch consultancy PJK International.

Stocks rose to around 2.95 million tonnes on incoming cargoes from the Middle East, Russia and the United States, and despite above average demand from inland consumers, PJK’s Patrick Kulsen said.

Prolonged maintenance shutdowns at BP’s Lingen and Total’s Leuna refineries, both in Germany, continue to drive up demand to inland locations for barges carrying oil products from ARA.

Fuel oil stocks also firmed, gaining nearly 28 percent to 1.02 million tonnes as exports to Singapore slowed this week.

Gasoline stocks were little changed and the market was largely balanced, Kulsen said.

Learn more on current and future market dynamics that impact the ARA tank storage sector in our revised ARA TT study.
X
PJK International is also consulted for (medium and long term) supply and demand forecasting, tradeflow forecasting, oil tanker vessel tracking and its view on price trends on NWE oil markets. Read more on PJK Consultancy Services
X
*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.
X

 

ARA product stocks fall to 5-month low

8 juni 2017 

LONDON, June 8 (Reuters) – Total oil product stocks held in independent storage in the Amsterdam-Rotterdam-Antwerp refining and storage hub fell by over 6 percent in the week to Thursday to their lowest since Dec. 29, data from Dutch consultancy PJK International showed.

Stocks stood at around 5.2 million tonnes and fell on the back of strong export demand for fuel oil and gasoline and firm demand for distillates in Europe.

Fuel oil stocks fell by 27 percent to their lowest since mid-October after two very large crude carriers departed from ARA with full cargoes to Singapore, PJK’s Patrick Kulsen said.

Gasoline stocks were down 8 percent as cargoes of the motor fuel were shipped to the Asia Pacific, the United States and West Africa.

Gasoil stocks were slightly down due to high demand for barges from inland buyers, Kulsen added.

Learn more on current and future market dynamics that impact the ARA tank storage sector in our revised ARA TT study.
X
PJK International is also consulted for (medium and long term) supply and demand forecasting, tradeflow forecasting, oil tanker vessel tracking and its view on price trends on NWE oil markets. Read more on PJK Consultancy Services
X
*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.
X

 

 

ARA gasoline inventories rise by 7 pct in week

1 juni 2017 

LONDON, June 1 (Reuters) – Gasoline inventories in independently held storage in Europe’s Amsterdam-Rotterdam-Antwerp (ARA) hub rose by more than 7 percent in the week to Thursday, data from Dutch consultancy PJK International showed.

Overall refined product stockpiles declined by 4.3 percent to 5.566 million tonnes, led by fuel oil, according to the data.

Gasoil inventories slightly declined. Barge traffic along Rhine was average, hit by some loading restrictions due to lower water levels, PJK’s Patrick Kulsen said.

Learn more on current and future market dynamics that impact the ARA tank storage sector in our revised ARA TT study.
X
PJK International is also consulted for (medium and long term) supply and demand forecasting, tradeflow forecasting, oil tanker vessel tracking and its view on price trends on NWE oil markets. Read more on PJK Consultancy Services
X
*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.
X

 

 

ARA hub gasoline stocks fall by 13 pct as exports pick up

26 mei 2017 

LONDON, May 26 (Reuters) – Gasoline stocks in independently held storage in Europe’s Amsterdam-Rotterdam-Antwerp hub fell by more than 13 percent this week as demand for exports accelerated, particularly in Asia.

“There were big drops (on gasoline) due to less import volumes and export volumes rising to the Far East,” PJK’s Patrick Kulsen said.

Gasoil stocks also slid by 6 percent, to 2.784 million tonnes, their lowest since January, largely on strong demand in inland markets and the Mediterranean, both of which pulled cargoes in from ARA.

Overall stocks of oil products slid by 3.8 percent to a three-month low, PJK data showed.

Learn more on current and future market dynamics that impact the ARA tank storage sector in our revised ARA TT study.
X
PJK International is also consulted for (medium and long term) supply and demand forecasting, tradeflow forecasting, oil tanker vessel tracking and its view on price trends on NWE oil markets. Read more on PJK Consultancy Services
X
*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.
X

 

 

ARA gasoil stocks fall by nearly 8 pct on strong demand

18 mei 2017 

LONDON, May 18 (Reuters) – Stocks of gasoil in independently held storage in Europe’s Amsterdam-Rotterdam-Antwerp hub fell by nearly 8 percent this week as strong demand across the region drained tanks, consultants PJK International said on Thursday.

Gasoil stocks slid by 7.8 percent, to 2.973 million tonnes, as buyers throughout Europe stocked up on cargoes.

“There is strong demand in Northwest Europe, the Mediterranean, the hinterland,” PJK’s Patrick Kulsen said, referring to inland Europe. “Mostly it is demand driven.”

Kulsen added that there are also fewer exports arriving from the Baltics, which kept some stocks from replenishing.

Overall stocks of oil products fell by 3 percent to their lowest level since early March, PJK data showed.

Still, gasoline stocks edged slightly higher on the week as export volumes to the United States and West Africa slowed, and fuel oil also increased due to the fact that just one vessel loaded for Asia during the week.

Learn more on current and future market dynamics that impact the ARA tank storage sector in our revised ARA TT study.
X
PJK International is also consulted for (medium and long term) supply and demand forecasting, tradeflow forecasting, oil tanker vessel tracking and its view on price trends on NWE oil markets. Read more on PJK Consultancy Services
X
*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.
X

 

 

ARA fuel oil stocks down 25 pct on rising exports

11 mei 2017 

LONDON, May 11 (Reuters) – Fuel oil stocks at independently held storage in the Amsterdam-Rotterdam-Antwerp (ARA) hub sank by 25 percent to a three-month low in the past week as exports rose, according to Dutch consultancy PJK International.

Inventories fell to 785,000 tonnes, their lowest since February 16, as three tankers departed from the hub to Singapore and West Africa, PJK’s Patrick Kulsen said.

Gasoline stocks also dropped, falling by nearly 8 percent, on higher export volumes to regular outlets such as North and Latin America, West Africa and the Middle East, Kulsen said.

Gasoil stocks fell 3.47 percent on strong export demand to the Mediterranean region and higher demand from inland consumers.

Learn more on current and future market dynamics that impact the ARA tank storage sector in our revised ARA TT study.
X
PJK International is also consulted for (medium and long term) supply and demand forecasting, tradeflow forecasting, oil tanker vessel tracking and its view on price trends on NWE oil markets. Read more on PJK Consultancy Services
X
*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.
X

 

 

ARA gasoil stocks up 8 pct to eight-month high

4 mei 2017 

LONDON, May 4 (Reuters) – Gasoil stocks at independently held storage in the Amsterdam-Rotterdam-Antwerp (ARA) hub jumped by 8.3 percent to their highest since September in the week to Thursday, according to Dutch consultancy PJK International.

“We saw very large volumes coming in from the Baltics and from Saudi Arabia, which explains the big rise,” PJK’s Jacob van den Berge said.

Benchmark diesel refining margins hit an eight-month low this week at less than $9 a barrel on expectations of rising imports into Europe.

Gasoline stocks also rose, gaining around 1.7 percent to 1.11 million tonnes on higher imports into the hub from other locations in northwest Europe and a slowdown in export volumes to regular outlets, van den Berge said.

Naphtha stocks jumped by almost 40 percent to 325,000 tonnes as imports into the hub rose. Slow export activity from Europe to Asia and weak demand for gasoline blending also contributed to the rise.

Only fuel oil inventories fell in the past week as cargoes loaded in the region for journeys to Singapore and West Africa.

Learn more on current and future market dynamics that impact the ARA tank storage sector in our revised ARA TT study.
X
PJK International is also consulted for (medium and long term) supply and demand forecasting, tradeflow forecasting, oil tanker vessel tracking and its view on price trends on NWE oil markets. Read more on PJK Consultancy Services
X
*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.
X

 

 

ARA gasoline stocks fall after cargoes depart for US

28 april 2017 

LONDON, April 28 (Reuters) – Gasoline stocks at independently held storage in the Amsterdam-Rotterdam-Antwerp (ARA) hub hub fell 7.6 percent in the week ending April 28, data from Dutch consultancy PJK International showed on Friday.

Gasoline inventories in the refining and storage hub stood at 1.09 million tonnes as lower import volumes from Russia coincided with rising exports to the United States, helping to bolster stocks of the motor fuel there, PJK’s Jacob van den Berge said.

Gasoil stocks slipped 1.3 percent to 3.09 million tonnes with lower imports from the Baltics, as well as low water levels on the Rhine river hampering inflows, contributing to the drop.

At 233,000 tonnes, stocks of Naphtha dipped slightly in the past week and have fallen back into the upper range of the previous five years’ seasonal averages having hit record highs earlier this month.

Fuel oil stocks, meanwhile, rose to 1.17 million tonnes after a VLCC docked in the hub but the cargo is being loaded on vessels to Singapore and is likely to leave this week which may signal inventories falling by next Thursday.

Learn more on current and future market dynamics that impact the ARA tank storage sector in our revised ARA TT study.
X
PJK International is also consulted for (medium and long term) supply and demand forecasting, tradeflow forecasting, oil tanker vessel tracking and its view on price trends on NWE oil markets. Read more on PJK Consultancy Services
X
*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.
X

 

 

Gasoline stocks in ARA hub lifted by imports

20 april 2017 

LONDON, April 20 (Reuters) – Gasoline stocks at independently held storage in the Amsterdam-Rotterdam-Antwerp (ARA) hub rose by 5.77 percent in the past week on increased imports, data from Dutch consultancy PJK International showed on Thursday.

Gasoline inventories in the refining and storage hub stood at 1.17 million tonnes, rising after a large vessel previously used for floating storage discharged its cargo into onshore tanks, PJK’s Patrick Kulsen said.

Gasoil stocks rose by 1.86 percent after sharp falls the previous week. A slowdown in inland demand and restrictions on barge loadings because of low water levels on the Rhine river contributed to the rise.

Fuel oil was the only petroleum product to show a fall in stock levels, with a 2.25 percent decline driven by a rise in exports to Singapore.

Learn more on current and future market dynamics that impact the ARA tank storage sector in our revised ARA TT study.
X
PJK International is also consulted for (medium and long term) supply and demand forecasting, tradeflow forecasting, oil tanker vessel tracking and its view on price trends on NWE oil markets. Read more on PJK Consultancy Services
X
*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.
X

 

 

Exports help reduce ARA fuel oil stocks

6 april 2017 

LONDON, April 6 (Reuters) – Fuel oil stocks in independently held storage in the Amsterdam-Rotterdam-Antwerp hub fell by over a quarter in the week to Thursday as shipments of the fuel went to Singapore, data from Dutch consultancy PJK International showed.

Stocks were down 25.3 percent at 1.15 million tonnes, after hitting an all-time high last week, as two very large crude carriers and a Suezmax carrying the fuel left the hub for Singapore in the past week, PJK’s Patrick Kulsen said.

In contrast, gasoline stocks were up by 11.6 percent at around 1.1 million tonnes as export activity from the region slowed.

Gasoil stocks edged lower as a contango in the market weakened, making storage economics less attractive to traders. Stocks also fell due to higher than average inland demand and slower imports from the Baltic region.

Learn more on current and future market dynamics that impact the ARA tank storage sector in our revised ARA TT study.
X
PJK International is also consulted for (medium and long term) supply and demand forecasting, tradeflow forecasting, oil tanker vessel tracking and its view on price trends on NWE oil markets. Read more on PJK Consultancy Services
X
*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.
X

 

 

ARA gasoline stocks recover from four-month low

30 maart 2017 

LONDON, March 30 (Reuters) – Gasoline stocks at independently held storage in the Amsterdam-Rotterdam-Antwerp (ARA) hub rose 10 percent last week, recovering from a four-month low, while fuel oil hit a fresh peak, data from Dutch consultancy PJK International showed.

Gasoline stocks rose to 981,000 tonnes, helped by cargos coming from France, Russia and the UK, PJK’s Patrick Kulsen said. Naphtha inventories meanwhile slipped thanks to strong blending demand from Asia.

Fuel oil stocks reached 1.545 million tonnes last week, a record since PJK began collecting data in 1995, with little interest in exporting from ARA on board very large crude carriers (VLCC).

Gasoil stocks rose although the build was linked more to lower regional demand rather than cargos coming in, Kulsen said.

Learn more on current and future market dynamics that impact the ARA tank storage sector in our revised ARA TT study.
X
PJK International is also consulted for (medium and long term) supply and demand forecasting, tradeflow forecasting, oil tanker vessel tracking and its view on price trends on NWE oil markets. Read more on PJK Consultancy Services
X
*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.
X

 

 

ARA gasoline stocks slide, fuel oil at record high

23 maart 2017 

LONDON, March 23 (Reuters) – Gasoline stocks at independently held storage in the Amsterdam-Rotterdam-Antwerp (ARA) hub fell by 24.4 percent to their lowest since November while fuel oil hit a record high in the week to Thursday, data from Dutch consultancy PJK International showed.

Gasoline stocks dropped to 889,000 tonnes as the motor fuel was exported to China, West Africa and the United States, PJK’s Patrick Kulsen said.

A lack of interest in exporting fuel oil from ARA on board very large crude carriers (VLCC) led stocks to rise to their highest since PJK began collecting the data in 1995.

Gasoil stocks fell marginally on demand for export, Kulsen said. The absence of barge loading restrictions thanks to adequate water levels on the Rhine river also contributed to the decline.

Learn more on current and future market dynamics that impact the ARA tank storage sector in our revised ARA TT study.
X
PJK International is also consulted for (medium and long term) supply and demand forecasting, tradeflow forecasting, oil tanker vessel tracking and its view on price trends on NWE oil markets. Read more on PJK Consultancy Services
X
*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.
X

 

 

ARA oil product stocks rise, stored fuel oil at record high

16 maart 2017 

LONDON, March 16 (Reuters) – Stocks of oil products in independently held storage in the Amsterdam-Rotterdam-Antwerp (ARA) hub hit an 11-month high in the week to Thursday, with fuel oil at its highest since the figures have been collected, data from Dutch consultancy PJK International showed.

Total product inventories climbed by more than 6 percent to 6.6 million tonnes, the highest since April 2016. Fuel oil inventories rose by more than 19 percent to 1.398 million tonnes, the highest recorded in since PJK began gathering the data in 1995.

PJK’s Patrick Kulsen said there are no VLCCs of fuel oil scheduled to sail in the coming week, but imports continue to arrive from refineries in Estonia, France, Norway and the United Kingdom.

After edging close to an eight-month high, Singapore onshore fuel oil inventories fell this week to a two-week low. Most of the cargoes that leave Europe sail for Asia.

Learn more on current and future market dynamics that impact the ARA tank storage sector in our revised ARA TT study.
X
PJK International is also consulted for (medium and long term) supply and demand forecasting, tradeflow forecasting, oil tanker vessel tracking and its view on price trends on NWE oil markets. Read more on PJK Consultancy Services
X
*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.
X

 

 

ARA oil product stocks hit 7-month high, led by fuel oil

9 maart 2017 

LONDON, March 9 (Reuters) – Stocks of oil products in independently held storage in the Amsterdam-Rotterdam-Antwerp (ARA) hub climbed nearly 6 percent to a seven-month high in the week to Thursday, data from Dutch consultancy PJK International showed.

Total product inventories reached 6.2 million tonnes, the highest since early August last year, with only stocks of jet fuel declining.

Fuel oil inventories gained 354,000 tonnes in the week, 43 percent above the previous week, as imports arrived from Russia and Latvia and not a single VLCC loaded to sail to Asia.

Singapore onshore fuel oil inventories rose by 5 percent in the week ended March 8 to a nearly eight-month high of 4.14 mln tonnes, official data showed earlier on Thursday.

Gasoline and gasoil supplies also edged higher, which PJK’s Patrick Kulsen said was due in part of relatively low refinery maintenance activity in the ARA hub. While spring months mark a key period for refinery turnarounds, the bulk of these have been concentrated in the Mediterranean this year.

“There is practically no maintenance in the ARA region … and refinery margins are okay, so they’re producing a lot,” Kulsen said.

Learn more on current and future market dynamics that impact the ARA tank storage sector in our revised ARA TT study.
X
PJK International is also consulted for (medium and long term) supply and demand forecasting, tradeflow forecasting, oil tanker vessel tracking and its view on price trends on NWE oil markets. Read more on PJK Consultancy Services
X
*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.
X

 

 

ARA gasoline stocks slip 2.8 pct

2 maart 2017 

LONDON, March 2 (Reuters) – Gasoline stocks in independently held storage in the Amsterdam-Rotterdam-Antwerp (ARA) hub fell by 2.84 percent in the week to Thursday, data from Dutch consultancy PJK International showed.

Inventories slipped as exports to the Middle East and the Far East were accompanied by less-common shipments to the United States, PJK’s Patrick Kulsen said.

Gasoil stocks fell by 2.9 percent as improved weather conditions along the Rhine river encouraged transport of barges to Germany, Switzerland and eastern France as well as West Africa, Kulsen said.

Fuel oil stocks fell by 1.7 percent, with imports from Russia not entirely offsetting exports to Singapore.

Learn more on current and future market dynamics that impact the ARA tank storage sector in our revised ARA TT study.
X
PJK International is also consulted for (medium and long term) supply and demand forecasting, tradeflow forecasting, oil tanker vessel tracking and its view on price trends on NWE oil markets. Read more on PJK Consultancy Services
X
*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.
X

 

 

ARA gasoline stocks up nearly 23 pct

16 februari 2017 

LONDON, Feb 16 (Reuters) – Gasoline stocks in independently held storage in the Amsterdam-Rotterdam-Antwerp (ARA) hub rose by 22.9 percent to their highest since late January in the week to Thursday, data from Dutch consultancy PJK International showed.

Stocks rose on a slowdown in exports, particularly to the United States, where stocks last week hit a record high, PJK’s Patrick Kulsen said. EIA/S

But cargoes still found outlets in Asia Pacific, Latin America and West Africa.

Gasoil inventories fell by 2.8 percent because of inland demand and exports from the hub to other northwest European locations and the Mediterranean region, Kulsen said.

Fuel oil stocks rose by 8.7 percent on rising imports from Russia.

Learn more on current and future market dynamics that impact the ARA tank storage sector in our revised ARA TT study.
X
PJK International is also consulted for (medium and long term) supply and demand forecasting, tradeflow forecasting, oil tanker vessel tracking and its view on price trends on NWE oil markets. Read more on PJK Consultancy Services
X
*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.
X

 

 

ARA gasoline stocks fall 10.7 pct on Asian, West African demand

2 februari 2017 

LONDON, Feb 2 (Reuters) – Gasoline stocks in independently held storage in the Amsterdam-Rotterdam-Antwerp (ARA) hub fell by 10.7 percent in the week to Thursday, data from Dutch consultancy PJK International showed.

Growing demand from West Africa depleted gasoline stocks and imports to replenish stocks were low, PJK’s Jacob van den Berge said. Demand from the United States was low owing to high inventories there.

Petrochemical demand for naphtha was muted and inventories held relatively stable.

Gasoil stocks were largely unchanged as low water levels on the River Rhine prevented barges from loading beyond 25 percent capacity, keeping buyers at bay.

Learn more on current and future market dynamics that impact the ARA tank storage sector in our revised ARA TT study.
X
PJK International is also consulted for (medium and long term) supply and demand forecasting, tradeflow forecasting, oil tanker vessel tracking and its view on price trends on NWE oil markets. Read more on PJK Consultancy Services
X
*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.
X

 

 

ARA gasoline stocks rise over 5 pct

26 januari 2017 

LONDON, Jan 26 (Reuters) – ARA gasoline stocks in independently held storage in the Amsterdam-Rotterdam-Antwerp (ARA) hub rose by 5.34 percent in the week to Thursday, data from Dutch consultancy PJK International showed.

Growing imports pushed oil product stocks higher

Stocks rose as high import flows and local production in the storage and refining hub outstripped exports to other regions including North America and the Middle East, PJK’s Patrick Kulsen said.

Gasoil inventories extended their gains for a fifth week in a row, rising by 2.23 percent, as a contango in the market encouraged storage economics.

Barges loading capacity affected by low water levels

Low water levels on the Rhine river and high imports from the Baltics also contributed to the rise in stocks. These levels on the Rhine prevent barges from loading full cargoes at ARA to go on journeys inland.

Imports from the Far East led to a near 35 percent rise in jet fuel inventories, Kulsen said.

Learn more on current and future market dynamics that impact the ARA tank storage sector in our revised ARA TT study.
X
PJK International is also consulted for (medium and long term) supply and demand forecasting, tradeflow forecasting, oil tanker vessel tracking and its view on price trends on NWE oil markets. Read more on PJK Consultancy Services
X
*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.
X

 

 

ARA gasoil stocks at more than four-month high

19 januari 2017 

LONDON, Jan 19 (Reuters) – ARA gasoil stocks in independently held storage in the Amsterdam-Rotterdam-Antwerp hub rose for a fourth consecutive week to their highest since Sept. 8, data from Dutch consultancy PJK International showed.

Inventories in the week to Thursday were up 9.6 percent at 3.22 million tonnes, boosted by high import volumes into the hub and as low water levels along the Rhine river prevented barges from sailing fully laden, consultancy PJK International’s Patrick Kulsen said.

A steep contango in gasoil futures also encouraged traders to keep product in storage tanks.

Gasoline stocks also rose, by 6.2 percent, as exports to North America and Asia slowed and imports from northwest Europe and the Baltics grew, Kulsen said.

Jet fuel stocks fell sharply, by 11.9 percent. The increase is most likely to be a result of refinery turnarounds in the region, including a planned shutdown of a hydrrocracker at Exxon’s 193,000 barrels per day Rotterdam plant.

Learn more on current and future market dynamics that impact the ARA tank storage sector in our revised ARA TT study.

PJK International is also consulted for (medium and long term) supply and demand forecasting, tradeflow forecasting, oil tanker vessel tracking and its view on price trends on NWE oil markets. Read more on PJK Consultancy Services

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

 

ARA gasoil stocks mark third weekly increase

12 januari 2017 

LONDON, Jan 12 (Reuters) – Gasoil stocks in independently held storage in the Amsterdam-Rotterdam-Antwerp hub rose by nearly 9 percent in the week to Thursday, data from Dutch consultancy PJK International showed.

The third consecutive week of increases came as imports rose from the United States, and low water levels along the Rhine River prevented barges from leaving the hub for consumers throughout inland Europe.

“We’ve seen the contango widening, and also there were some increased imports from the United States,” said PJK analyst Patrick Kulsen. “And hinterland demand, the outlet, is still hampered due to low water levels.”

Stocks of light ends, including gasoline and naphtha, both fell as demand in export markets across the Americans pulled cargoes out of the region.

Learn more on current and future market dynamics that impact the ARA tank storage sector in our revised ARA TT study.
Incoming cargoes Outgoing cargoes
Gasoline France, Russia, United Kingdom Brazil, Canada, Ecuador, France, Latin America, Pakistan, Singapore, United States
Naphtha France, United Kingdom None
Gasoil India, Latvia, Russia, United Kingdom United Kingdom
Fuel oil Poland, Russia one VLCC arrived on the 31st, left on the 10th for Singapore
Jetfuel None None
X

PJK International is also consulted for (medium and long term) supply and demand forecasting, tradeflow forecasting, oil tanker vessel tracking and its view on price trends on NWE oil markets. Read more on PJK Consultancy Services

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

 

ARA gasoil stocks rise as imports increase

5 januari 2017 

LONDON, Jan 5 (Reuters) – Gasoil stocks in independently-held storage in the Amsterdam-Rotterdam-Antwerp hub rose by 4.6 percent in the week to Thursday, data from Dutch consultancy PJK International showed.

The rise was caused by higher diesel imports from the Baltics and lower water levels along the Rhine River which have limited barge loadings into inland markets to around 30 percent, PJK analyst Patrick Kulsen said.

Gasoline stocks also rose and weaker prompt prices compared to future prices, in what is known as contango, have led traders to store product in tanks.

“A big contango in the market is signalling the potential rise in stocks,” Kulsen said.

Learn more on current and future market dynamics that impact the ARA tank storage sector in our revised ARA TT study.
Incoming cargoes Outgoing cargoes
Gasoline France, Russia, UK Brazil, South America, USA
Naphtha Portugal, Russia, UK None
Gasoil Baltics, Finland, Russia UK
Fuel oil France, Russia, Sweden VLCCs departed Jan. 3 and Jan. 5 to Singapore
Jetfuel UAE None

 

PJK International is also consulted for (medium and long term) supply and demand forecasting, tradeflow forecasting, oil tanker vessel tracking and its view on price trends on NWE oil markets. Read more on PJK Consultancy Services

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

 

PJK acquires majority stake in TankTerminals.com

2 januari 2017 

With great pleasure, we announce that the parent company of PJK International B.V., ENFX Holding B.V., recently acquired a majority stake in Downstream B.V. and PortStorage Group B.V., which owns and operates TankTerminals.com.

This brand new partnership combines the expertise of three companies to deliver an enhanced portfolio of services to the international petroleum and petrochemical industries. As well as the oil and chemical sectors with focus on global tank storage markets, transportation and logistics.

PJK International

Independent Dutch market research company that supports its clients decision making by offering:

 

Furthermore, PJK International also advises companies about trading & risk management, storing and transport of oil products and petrochemicals including feasibility studies and commercial due diligence projects.

TankTerminals.com

Online database that gives you access to both manager-level contact details and key operational data of +4,580 tank terminal facilities in +160 countries. It is the most suitable tool in the market for companies that engage in:

 

  • Brokerage and/or trading
  • Tank storage market analysis
  • Finding tank storage for their customers
  • Selling equipment for tank storage facilities
  • Developing business strategies by analysing tank storage data

 

ARA naphtha stocks hit a two-month high

8 december 2016 

Independent oil products stocks in the Amsterdam-Rotterdam-Antwerp (ARA) region increased by 1.0pc this week, reaching 5.247 mn t.

Naphtha stocks surged by 25pc to a two-month high, as unworkable eastward arbitrage and limited gasoline demand in the US meant there were no significant outflows. There was a steady supply of naphtha from Algeria, Portugal and the UK.

Gasoline inventories rose by just under 4pc on the week, with a drop in spot exports to transatlantic and west African destinations. Spot tanker bookings for west Africa-bound European gasoline with 2-8 December loadings fell by 9pc from the previous week, while bookings for transatlantic discharge for the same loading dates fell by 25pc in the same period.

Fuel oil inventories rose by 17.5pc, with a very large crude carrier (VLCC) scheduled to start loading later this week to Singapore. Fundamentals have remained broadly unchanged, with weak local demand in the ARA region and large volumes being shipped to Asia-Pacific.
Strong jet fuel imports from Kuwait contributed to a 5pc increase in stocks from the previous week.

Independent gasoil stocks fell by around 6pc from a week earlier, despite improved arbitrage economics for exporting diesel cargoes from the US and Mideast Gulf into the ARA region. A wider contango on Ice gasoil futures is increasing the incentive for traders to put product in storage tanks.

PJK International is also consulted for (medium and long term) supply and demand forecasting, tradeflow forecasting, oil tanker vessel tracking and its view on price trends on NWE oil markets. Read more on PJK Consultancy Services

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

 

ARA gasoil stocks bounce back from one year low

2 december 2016 

Independent oil products stocks in the Amsterdam-Rotterdam-Antwerp (ARA) region increased by 5pc this week, reaching 5.2 mn t.

Gasoil stocks rose on weekly basis for the first time in four weeks, and after hitting a one-year low last week. Improved arbitrage economics are supporting the movement of diesel tankers from the Mideast Gulf to ARA.

Demand for fuel oil exports from Rotterdam to Singapore has slowed, after several weeks of large volumes booked on very large crude carriers (VLCCs) on the route. These high exports, and rising freight rates, have dampened further export bookings.

A drop in flows of European gasoline to Latin America and west Africa contributed to a stock build this week, with a rise in spot bookings to east of Suez markets failing to compensate. Around 287,000t of west Africa-bound European gasoline was booked in the spot tanker market with 24-30 November loading, down from 395,000t in the previous week. Not a single cargo loaded gasoline to Togo or Guinea this week, and shipments to Nigeria were low. Gasoline booked in the spot tanker market for Latin America tumbled as well, coming short of last week at 74,000t. Gasoline stock increases were also supported by the arrival of barges from inland despite [low Rhine river water levels].

Naphtha stocks remained fairly stable in a context of steady supply and weak eastward arbitrage economics. Jet fuel demand continued to decline in line with seasonal patterns, while fresh arrivals from South Korea helped stock levels for the fuel to climb.

PJK International is also consulted for (medium and long term) supply and demand forecasting, tradeflow forecasting, oil tanker vessel tracking and its view on price trends on NWE oil markets. Read more on PJK Consultancy Services

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

 

Asia Fuel Oil complex strengthens

18 november 2016 

SINGAPORE, Nov 18 (Reuters) – Asia’s benchmark 180-cst fuel oil complex strengthened on Friday after a wave of high viscosity fuel oil arriving in Singapore stoked concerns of cutter stock availability, industry sources said.

“There’s lots of high-vis fuel around which needs to be blended,” said a Singapore-based fuel oil trader adding that cutter stocks, including the 180-cst fuel oil, were in relatively narrow supplies.

The December visco-spread rose 50 cents a tonne on Friday to $8.50 a tonne. The front month visco spread was last as high on Nov. 1 when initial concerns of tight cutter supplies sent it to 15-month high.

The backwardated structure of the 180-cst fuel also widened on Friday as the Dec/Nov time spreads for the benchmark fuel rose 75 cents to 3.75 a tonne above Singapore quotes. The last time the front month time spread of the lower viscosity fuel were as high was in the midst of the so-called June bull-play in 2015.

ARA INVENTORIES

Fuel oil stocks independently held in the Amsterdam-Rotterdam-Antwerp (ARA) hub soared 84 percent, or 537,000 tonnes, to a total of 1.174 million tonnes in week to Nov. 17, its highest levels in six months, data from Dutch consultancy PJK International showed.

However, last week’s ARA stock build was more a result of logistical technicalities says PJK’s Patrick Kulsen.

“The stock build comes just as a couple of VLCCs were readying to load fuel oil cargoes bound for Singapore,” Kulsen said, adding that rising water levels along the Rhine helped European refiners send a backlog of barges carrying the fuel to ARA storage tanks.

The build in ARA stocks follows Thursday’s sharp increase in Singapore inventories which rose 15 percent, or 475,000 tonnes, to a six-week high in the week to Nov. 16.

PJK International is also consulted for (medium and long term) supply and demand forecasting, tradeflow forecasting, oil tanker vessel tracking and its view on price trends on NWE oil markets. Read more on PJK Consultancy Services

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

 

 

 

 

ARA independent product stocks fall

10 november 2016 

London, 10 November (Argus) — Overall independent oil product stocks within the Amsterdam-Rotterdam-Antwerp region fell slightly during the past week as exports of European gasoline increased, resulting in a 9.1pc drop in inventories of that product from a week earlier.

Gasoline shipments to the US were stimulated by the shutdown of the Colonial pipeline following a fatal explosion and fire in Alabama, which boosted demand for imported gasoline.

As much as 822,000t of European gasoline was booked in the spot tanker market for 4-10 November loading with transatlantic discharge options, up from 370,000t in the previous week, although some spot fixtures subsequently failed.

The pipeline has now been restarted, denting US demand for European gasoline.

Diesel stocks declined by less than 1pc during the week. Imports from the US and the Middle East remained low, while the product continued to be exported to the Mediterranean region from northwest Europe.

Jet fuel stocks also fell during the period because of a low level of imports. US demand for jet fuel has increased ahead of the Thanksgiving travel period, drawing jet fuel from the Middle East. This has reduced the amount of jet fuel available to be exported to northwest Europe, where spot supplies have tightened.

Fuel oil stocks in ARA climbed by more than 11pc, but remained comparatively low. Tankers continued to load fuel oil in Rotterdam to take it to Singapore during the past week. Exports to Asia-Pacific are set to continue as the trade route remains workable despite an increase in freight rates from the prior month. Earlier this week, Koch put the VLCC Xin Run Yang on subjects to load 270,000t of fuel oil from Rotterdam on 17 November to ship it to Singapore at $4mn.

The ARA region imported fuel oil from Russia, Estonia and the UK during the past week.

Naphtha stocks in ARA rose by only 5,000t from a week earlier. The trade route from Europe to Asia-Pacific remained unworkable, while demand from the local petrochemicals sector in the ARA region was soft.

 

 

PJK International is also consulted for (medium and long term) supply and demand forecasting, tradeflow forecasting, oil tanker vessel tracking and its view on price trends on NWE oil markets. Read more on PJK Consultancy Services

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

 

 

 

ARA independent product stocks climb

3 november 2016 

London, 3 November (Argus) — Independent oil product stocks in the Amsterdam-Rotterdam-Antwerp (ARA) region rose by nearly 4pc during the past week, with gasoline inventories up by more than 20pc as exports declined.

Around 370,000t of European gasoline was booked for 28 October-3 November loading with transatlantic options, down from 511,000t in the same period of the prior week, and shipments slowed to Latin America and to west Africa. Gasoline imports from the Baltic region climbed.

But exports of European gasoline to the US should increase this coming week. An explosion shut down the Colonial pipeline, which transports gasoline from the US Gulf coast to the US Atlantic coast earlier this week. A lot of material has been booked to be loaded on US-bound vessels after 4 November. US gasoline stocks fell last week — the latest EIA report showed a drop of 2.2mn bl to 223.8mn bl in the week to 28 October.

Rising demand for gasoline is also likely to bolster buying interest for naphtha from gasoline blenders. The previous shutdown of the Colonial pipeline, in September, lifted demand for naphtha cargoes for gasoline blending in Europe and for shipment to the US Atlantic coast.

During the past week, demand for naphtha from the petrochemicals sector and gasoline blenders in the ARA region was soft. The economics for exporting naphtha to Asia-Pacific remain weak, and tankers taking the product east are most likely taking term cargoes.

Naphtha stocks in ARA were little changed from a week ago.

Europe remained well-supplied with jet fuel during the past week, as ARA stocks climbed by nearly 2pc. Some tankers carrying jet fuel are sitting on the water waiting to offload. The Sti Lauren was chartered by trading firm Vitol to take 90,000t of product from South Korea to Singapore and northwest Europe. The vessel has been sitting offshore Southwold, UK, since 31 October.

Two other tankers chartered by Vitol only recently entered northwest European ports, having been sitting offshore. The Haima was moved in Le Havre, France, on 1 November after being having sat on the water since 16 October. It is carrying 90,000t of product from South Korea. The Front Lynx went into Rotterdam on 29 October, having sat offshore Southwold since 21 October.

Diesel stocks within the ARA hub rose slightly during the week. Imports from the US and the Middle East were low, while low water levels on the Rhine river continued to keep freight rates relatively high and limit flows of diesel inland.

Fuel oil stocks bucked the trend, falling by nearly 5pc as the product continued to be exported to Singapore. The very large crude carrier (VLCC) Cospearl Lake arrived in Rotterdam on 31 October to load for Asia-Pacific. Exports to Singapore have reduced supplies in northwest Europe, providing support to fuel oil margins.

PJK International is also consulted for (medium and long term) supply and demand forecasting, tradeflow forecasting, oil tanker vessel tracking and its view on price trends on NWE oil markets. Read more on PJK Consultancy Services

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

 

 

 

ARA gasoil stocks fall to lowest since June 2015

28 oktober 2016 

LONDON, Oct 27 (Reuters) – Gasoil stocks independently held in the Amsterdam-Rotterdam-Antwerp oil hub fell by 3.4 percent to their lowest since June 2015, Dutch consultancy PJK International said.

Stocks fell as refinery turnarounds in the region curtailed supplies and as cargoes were exported to North Africa, PJK’s Patrick Kulsen said.

Gasoline supplies rose slightly but were around 20 percent lower than their level a year ago.

Water levels along the Rhine river remained low, and barges were not widely available, limiting trading activity in the gasoline market, barge brokers said.

PJK International is also consulted for (medium and long term) supply and demand forecasting, tradeflow forecasting, oil tanker vessel tracking and its view on price trends on NWE oil markets. Read more on PJK Consultancy Services

 

Incoming cargoes Outgoing cargoes
Gasoline Russia, UK Brazil, Canada, China, Ghana, Mexico, Togo
Naphtha France, Germany, Russia None
Gasoil India, Latvia North Africa, UK
Fuel oil France, UK, Russia No VLCCs planned
Jetfuel South Korea, UAE None


*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

 

 

ARA oil product stocks fall to 2016 low

6 oktober 2016 

LONDON, Sept 29 (Reuters) – Stocks of refined oil products held independently in the Amsterdam-Rotterdam-Antwerp oil hub fell by over 6 percent in the week to Thursday to their lowest this year, Dutch consultancy PJK International said.

Gasoline stocks fell by nearly 18 percent to a 2016 low on increased export activity to the United States and West Africa, PJK’s Patrick Kulsen said. While a backwardation in the futures market also meant that traders had less incentive to keep the motor fuel in storage tanks, he added.

Naphtha stocks fell sharply by over 28 percent to 212,000 tonnes due to strong demand from gasoline blenders and petrochemical plants, Kulsen said.

Gasoil stocks also fell, by over 5 percent to 3.02 million tonnes as imports into the region slowed and exports continued.

Refinery maintenance shutdowns in the region also contributed to the overall inventory draw.

PJK International is also consulted for (medium and long term) supply and demand forecasting, tradeflow forecasting, oil tanker vessel tracking and its view on price trends on NWE oil markets. Read more on PJK Consultancy Services

 

Incoming cargoes Outgoing cargoes
Gasoline Estonia, Poland, Russia Brazil, Guinea, Israel, Nigeria, US
Naphtha France, Russia None
Gasoil Baltics Mediterranean, UK
Fuel oil Lithuania, Russia, UK Two VLLCs expected to depart on Oct 6
Jetfuel Saudi Arabia None


*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

 

 

ARA oil product stocks rise 6 pct

29 september 2016 

LONDON, Sept 29 (Reuters) – Stocks of refined oil products held independently in the Amsterdam-Rotterdam-Antwerp oil hub rose by more than 6 percent in the week to Thursday, Dutch consultancy PJK International said.

Stocks were higher largely because low water levels on the Rhine were preventing barges from loading to full capacity and oil products were being stranded in the hub, said PJK’s Jacob van den Berge.

Higher imports from Russia also contributed to a rise in stocks.

Gasoil stocks were little changed despite busy exports to the Mediterranean as cargoes arrived into ARA from Russia and Saudi Arabia.

PJK International is also consulted for (medium and long term) supply and demand forecasting, tradeflow forecasting, oil tanker vessel tracking and its view on price trends on NWE oil markets. Read more on PJK Consultancy Services

 

Incoming cargoes Outgoing cargoes
Gasoline Poland, Russia, Senegal, UK Brazil, Nigeria, US
Naphtha Algeria, France, Russia, UK None
Gasoil Russia, Saudi Arabia Mediterranean
Fuel oil France, Russia, UK One VLCC expected to arrive on Oct. 3
Jetfuel UAE Denmark


*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

 

 

ARA fuel oil stocks at lowest since end 2014

1 september 2016 

Fuel oil stocks independently held in the Amsterdam-Rotterdam-Antwerp oil hub fell by nearly 13 percent to their lowest since the end of 2014 in the week to Thursday, Dutch consultancy PJK International said.

Stocks fell on tighter supplies, high export demand and as a backwardated market structure discouraged storage, PJK analyst Jacob van den Berge said.

Gasoline stocks also fell, by almost 12 percent to their lowest since early January on the back of transatlantic and West African exports.

Gasoil inventories were up around 3 percent as incoming volumes exceeded exports from the region to the Mediterranean and North Africa, van den Berge said.

Slow inland demand for gasoil also contributed to the rise in stocks.

PJK International is also consulted for (medium and long term) supply and demand forecasting, tradeflow forecasting, oil tanker vessel tracking and its view on price trends on NWE oil markets. Read more on PJK Consultancy Services

 

Incoming cargoes Outgoing cargoes
Gasoline Estonia, France, Senegal, UK Canada, Latin America, Mexico, US, W. Africa
Naphtha Algeria, Germany, UK None
Gasoil India, Russia, Saudi Arabia, US Mediterranean, N. Africa
Fuel oil Poland, Russia, UK One VLCC expected to depart on Sept. 3
Jetfuel South Korea Denmark


*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

 

 

ARA gasoline stocks rise 6 percent

25 augustus 2016 

Gasoline stocks independently held in the Amsterdam-Rotterdam-Antwerp oil hub rose by over 6 percent in the week to Thursday, Dutch consultancy PJK International said.

This was the first rise in inventories after four consecutive weeks of draws as growing imports into the hub outweighed demand from overseas, PJK analyst Jacob van den Berge said.

Naphtha stocks declined as product was booked to go to Asia Pacific after a lull in trading along the route.

Gasoil stocks eased marginally as exports continued to the Mediterranean, where an outage at Tupras’ Izmit refinery in Turkey has increased demand.

PJK International is also consulted for (medium and long term) supply and demand forecasting, tradeflow forecasting, oil tanker vessel tracking and its view on price trends on NWE oil markets. Read more on PJK Consultancy Services

 

Incoming cargoes Outgoing cargoes
Gasoline France, Latvia, Russia, U.K., Sweden Brazil, Guinea, Mexico, U.S., W. Africa
Naphtha Russia, Spain, Sweden Asia Pacific
Gasoil Russia, Saudi Arabia, U.S. Mediterranean, N. Africa
Fuel oil Canada, France, Russia Two VLCCs expected to depart to Singapore: one on Aug. 25 and another on Aug. 31
Jetfuel None None


*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

 

 

ARA gasoline stocks drop 9 percent

18 augustus 2016 

LONDON, Aug 18 (Reuters) – Gasoline stocks independently held in the Amsterdam-Rotterdam-Antwerp dropped by 9 percent in the week to Thursday, Dutch consultancy PJK International said.

This was the fourth consecutive week of stocks declines in the region, a result of continued exports and lower gasoline output from refineries in the region.

Gasoil stocks also declined due to lower imports and some exports to the Mediterranean, where an outage at Tupras’ Izmit refinery in Turkey has increased demand, PJK analyst Jacob van den Berge said.

PJK International is also consulted for (medium and long term) supply and demand forecasting, tradeflow forecasting, oil tanker vessel tracking and its view on price trends on NWE oil markets. Read more on PJK Consultancy Services

 

Incoming cargoes Outgoing cargoes
Gasoline Latvia, Russia, Sweden, UK Canada, Guinea, Greece, Mexico, Togo, USA
Naphtha Algeria, Spain, Russia, UK, France None
Gasoil India, Saudi Arabia, USA Med
Fuel oil France, Poland, Russia VLCC departs Aug 19, VLCC departs Aug 22
Jetfuel Canada None

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

 

ARA gasoline stocks drop 5 percent

11 augustus 2016 

LONDON, Aug 11 (Reuters) – Gasoline stocks independently held in the Amsterdam-Rotterdam-Antwerp hub fell for a third straight week, dropping more than 5 percent in the week to Thursday as overseas demand for the motor fuel grew, Dutch consultancy PJK International said.

Several gasoline tankers left the region in recent days for the United States, Mexico, Brazil, and to West and North Africa, PJK’s Patrick Kulsen said.

Gasoil stocks fell by 1.49 percent as imports into the region slowed, Kulsen said.

Naphtha stocks were also down on higher demand from petrochemical plants and gasoline blenders.

Only fuel oil stocks gained, rising by 9 percent, but inventories are likely to fall after a VLCC loads a cargo on Aug. 12 to go to Singapore.

PJK International is also consulted for (medium and long term) supply and demand forecasting, tradeflow forecasting, oil tanker vessel tracking and its view on price trends on NWE oil markets. Read more on PJK Consultancy Services

 

Incoming cargoes Outgoing cargoes
Gasoline Canada, Russia, UK Algeria, Brazil, Cameroon, Ghana, Mexico, Nigeria, U.S. and W. Africa
Naphtha France, Russia None
Gasoil Latvia, Russia, U.S None
Fuel oil France, Russia, UK A VLCC is expected to depart to Singapore with a full cargo on Aug. 12
Jetfuel India, UAE None

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

 

ARA gasoline stocks drop 10 percent

4 augustus 2016 

LONDON, Aug 4 (Reuters) – Gasoline stocks independently held in the Amsterdam-Rotterdam-Antwerp hub fell nearly 10 percent in the week to Thursday due to larger exports, Dutch consultancy PJK International said.

Several gasoline tankers left the region in recent days for the United States and West Africa, key markets for European refiners, PJK’s Patrick Kulsen said.

Gasoil stocks, which include diesel and heating oil, rose slightly due to higher imports and weak demand in inland markets.

PJK International is also consulted for (medium and long term) supply and demand forecasting, tradeflow forecasting, oil tanker vessel tracking and its view on price trends on NWE oil markets. Read more on PJK Consultancy Services

 

Incoming cargoes Outgoing cargoes
Gasoline Baltics, France, UK Mexico, USA, WAF
Naphtha Germany, Poland, UK Asia Pacific
Gasoil Saudi Arabia None
Fuel oil France, Russia No VLCC exports planned
Jetfuel Bahrain, UAE None

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

 

ARA gasoline stocks hit all-time high

21 juli 2016 

LONDON, July 21 (Reuters) – Gasoline stocks held independently in the Amsterdam-Rotterdam-Antwerp hub rose more than 12 percent to an all-time high in the week to Thursday, Dutch consultancy PJK International said.

“We saw less export volumes, that’s the main reason,” PJK’s Patrick Kulsen said of the rise in inventories of the motor fuel.

“It fits with the market. We have a contango structure, we have a stock rise in the U.S.,” Kulsen added.

Gasoil stocks fell by around 3 percent as import volumes into the hub declined and inland demand, particularly for diesel, improved from previous weeks, Kulsen said.

Jet fuel stocks fell slightly amid peak demand from airlines during the holiday season.

PJK International is also consulted for (medium and long term) supply and demand forecasting, tradeflow forecasting, oil tanker vessel tracking and its view on price trends on NWE oil markets. Read more on PJK Consultancy Services

 

Incoming cargoes Outgoing cargoes
Gasoline Baltics, Russia, UK Algeria, Brazil, Guinea, Mexico, U.S.
Naphtha Russia None
Gasoil Russia Argentina
Fuel oil Denmark, France, Lithuania, Poland, Russia One VLCC arrived on July 18 and is expected to depart with part cargo to Singapore on July 23
Jetfuel Bahrain, Saudi Arabia None

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

 

ARA gasoil stocks jump to 3-month high

14 juli 2016 

LONDON, July 14 (Reuters) – Gasoil stocks held independently in the Amsterdam-Rotterdam-Antwerp hub rose by over 7 percent in the week to Thursday to a three-month high amid weak inland demand and as traders took advantage of a contango to store the product, according to Dutch consultancy PJK International.

Imports of gasoil from the Middle East and the U.S. also contributed to the stockbuild.

Gasoline stocks also rose by around 8.6 percent as exports to West Africa dried up and imports from the Baltics rose, PJK’s Patrick Kulsen said.

A contango in the gasoline market also encouraged storage, Kulsen added.

PJK International is also consulted for (medium and long term) supply and demand forecasting, tradeflow forecasting, oil tanker vessel tracking and its view on price trends on NWE oil markets. Read more on PJK Consultancy Services

 

Incoming cargoes Outgoing cargoes
Gasoline Finland, Russia, Scotland, U.K. Algeria, Canada, Mexico, U.S.
Naphtha Russia, U.K. None
Gasoil Saudi Arabia, U.S. France
Fuel oil Lithuania, Poland, Russia, U.K. One VLCC departed with a part cargo to Singapore on July 12
Jetfuel UAE None

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

 

ARA gasoline stocks surge by 20 pct

30 juni 2016 

LONDON, June 30 (Reuters) – Gasoline stocks held independently in the Amsterdam-Rotterdam-Antwerp hub surged by over 20 percent in the week to Thursday as exports from the region slowed, according to Dutch consultancy PJK International.

“The big build in gasoline is mainly due to less exports, and U.S. stocks are up,” PJK’s Patrick Kulsen said.

Gasoil stocks rose marginally by 1.3 percent largely due to high water levels on the River Rhine which hindered barge activity into inland destinations, Kulsen said.

Fuel oil stocks were also slightly up ahead of the arrival of a very large crude carrier (VLCC) on June 29 which is expected to depart with a part cargo to Singapore on July 4.

PJK International is also consulted for (medium and long term) supply and demand forecasting, tradeflow forecasting, oil tanker vessel tracking and its view on price trends on NWE oil markets. Read more on PJK Consultancy Services

 

Incoming cargoes Outgoing cargoes
Gasoline Arabian Gulf, Russia, UK China, Guinea, Mexico, U.S.
Naphtha Angola, Italy, UK None
Gasoil None None
Fuel oil France, Poland, Russia, United Kingdom One VLCC arrived on June 29, expected to depart with part cargo to Singapore on July 4
Jetfuel India, UAE None

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

ARA gasoline stocks ease on exports

23 juni 2016 

LONDON, June 23 (Reuters) – Gasoline stocks held independently in the Amsterdam-Rotterdam-Antwerp hub declined by about 2.3 percent in the week to Thursday amid transatlantic export demand, according to Dutch consultancy PJK International.

Cargoes of the motor fuel shipped from the region to the United States, Mexico and to Latin America, PJK’s Jacob van den Berge said.

Gasoil stocks were also down, dipping by 2.4 percent, as Argentina pulled cargoes from the region, van den Berge added.

Naphtha and fuel oil stocks both rose on the week, firming by 37,000 tonnes and 14,000 tonnes, respectively.

PJK International is also consulted for (medium and long term) supply and demand forecasting, tradeflow forecasting, oil tanker vessel tracking and its view on price trends on NWE oil markets. Read more on PJK Consultancy Services

 

Incoming cargoes Outgoing cargoes
Gasoline Italy, Russia, United Kingdom Latin America, Mexico, United Kingdom, United States
Naphtha Russia, United Kingdom Brazil
Gasoil Baltics, United States Argentina
Fuel oil France, Poland, Russia, United Kingdom One vlcc arrived on June 20 and is expected to depart on June 24 with full cargo to Singapore
Jetfuel South Korea None

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

ARA fuel oil stocks fall on overseas demand

16 juni 2016 

LONDON, June 16 (Reuters) – Fuel oil stocks held independently in the Amsterdam-Rotterdam-Antwerp hub declined by about 6 percent in the week to Thursday amid demand for exports to the United States and Asia Pacific, according to Dutch consultancy PJK International.

Gasoline stocks in the hub rose by less than 2 percent as high imports from the Baltics compensated for exports to North America, Latin America and West Africa, PJK’s Patrick Kulsen said.

Gasoil stocks were hardly changed, but cargoes continued to make their way to France, where weeks of strike action at several refineries led to a large draw in product inventories.

Workers protesting against the French government’s labour reform plans have now suspended their strikes at Total’s Gonfreville, Donges and Feyzin refineries.

PJK International is also consulted for (medium and long term) supply and demand forecasting, tradeflow forecasting, oil tanker vessel tracking and its view on price trends on NWE oil markets. Read more on PJK Consultancy Services

 

Incoming cargoes Outgoing cargoes
Gasoline Baltics, Italy, Latvia, Russia Brazil, Canada, Latin America, Nigeria, United States
Naphtha France, Russia, United Kingdom None
Gasoil Russia, United States France
Fuel oil Norway, Poland, Russia, United Kingdom One VLCC arrived on June 13 and is expected to depart to Singapore on June 18; United States
Jetfuel United Arab Emirates None

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

ARA gasoil stocks drop due to French strikes

9 juni 2016 

LONDON, June 9 (Reuters) – Gasoil stocks independently held in the Amsterdam-Rotterdam-Antwerp hub declined in the week to Thursday amid higher exports to France, according to Dutch consultancy PJK International.

More than two weeks of strikes at Total’s TOTF.PA French refineries have depleted stocks in the country, leading to a sharp increase in imports.

“We saw quite a few of tankers going from ARA to French ports most likely due to the strikes at the refineries. Normally you don’t see that,” PJK’s Patrick Kulsen said.

Total said on Thursday its Grandpuits and La Mede refineries were running normally, while some striking workers were blocking the full restart of operations at Donges, Feyzin and Normandy refineries

PJK International is also consulted for (medium and long term) supply and demand forecasting, tradeflow forecasting, oil tanker vessel tracking and its view on price trends on NWE oil markets. Read more on PJK Consultancy Services

Weekly ARA stocks (in ‘000 tonnes)

Incoming cargoes Outgoing cargoes
Gasoline Russia, Sweden Canada, Mexico, Nigeria, UK, USA, WAF
Naphtha Russia None
Gasoil Russia France
Fuel oil Finland, France, Poland, Russia, UK VLCC departure June 4 to Singapore; VLCC planned arrival June 12
Jetfuel Saudi Arabia, UAE None

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

ARA gasoline stocks rise 9 pct

26 mei 2016 

LONDON, May 26 (Reuters) – Gasoline stocks held independently in the Amsterdam-Rotterdam-Antwerp hub rose 9 percent in the week to Thursday, according to Dutch consultancy PJK International.

High imports from Russia, a contango at the front of the curve and higher margins prompting higher refinery runs helped to push up stockpiles, PJK’s Patrick Kulsen said.

Gasoil stocks also rose, with Kulsen pointing to imports from the Middle East and Asia.

PJK International is also consulted for (medium and long term) supply and demand forecasting, tradeflow forecasting, oil tanker vessel tracking and its view on price trends on NWE oil markets. Read more on PJK Consultancy Services

Weekly ARA stocks (in ‘000 tonnes)

Incoming cargoes Outgoing cargoes
Gasoline Russia, UK Latin America, U.S., Canada, West Africa, UK
Naphtha Russia, UK None
Gasoil Canada, Russia, Saudi Arabia, U.S. Gibraltar for orders, France
Fuel oil Canada, Germany, Lithuania, Poland, Russia, U.S., Sweden VLCC departed May 25. VLCC expected to arrive on May 27
Jetfuel Kuwait, Saudi Arabia, Malaysia None

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

ARA gasoline stocks fall on exports to Canada

12 mei 2016 

LONDON, May 12 (Reuters) – Gasoline stocks held independently in the Amsterdam-Rotterdam-Antwerp hub fell to their lowest since late January as exports from the region to Canada rose, Dutch consultancy PJK International said on Thursday.

Gasoline inventories fell by around 14 percent since Friday last week to just over one million tonnes.

Exports to Canada primarily, as well as demand from Nigeria and Brazil led to the large drop, PJK’s Jacob van den Berge said.

Gasoil stocks were up slightly on rising exports from India and a low inland demand.

Stocks of jet fuel fell by around 4 percent despite imports into the region as seasonal demand ahead of the summer holiday season picked up, Van den Berge said.

PJK International is also consulted for (medium and long term) supply and demand forecasting, tradeflow forecasting, oil tanker vessel tracking and its view on price trends on NWE oil markets. Read more on PJK Consultancy Services

Weekly ARA stocks (in ‘000 tonnes)

Incoming cargoes Outgoing cargoes
Gasoline Russia Brazil, Canada, Nigeria
Naphtha None None
Gasoil Canada, India, United Kingdom None
Fuel oil France, Germany, Lithuania, Poland, Russia One VLCC planned to depart on May 14 with part cargo to Singapore
Jetfuel Canada, Kuwait, United States None

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

ARA gasoline stocks drop 8.6 pct

28 april 2016 

LONDON, April 28 (Reuters) – Gasoline stocks independently held in the Amsterdam-Rotterdam-Antwerp hub dropped by 8.6 percent in the week to Thursday, Dutch consultancy PJK International said.

Naphtha stocks also dropped as tankers left the region to Asia, the U.S. East Coast and West Africa to meet demand for gasoline and the petrochemicals sector, according to PJK analyst Patrick Kulsen.

Diesel stocks also declined over the past week due to inland demand and refinery maintenance in the ARA region, Kulsen added.

PJK International is also consulted for (medium and long term) supply and demand forecasting, tradeflow forecasting, oil tanker vessel tracking and its view on price trends on NWE oil markets. Read more on PJK Consultancy Services

Weekly ARA stocks (in ‘000 tonnes)

Incoming cargoes Outgoing cargoes
Gasoline Russia China, Singapore, USA, WAF
Naphtha Germany, Russia, UK None
Gasoil Russia, Saudi Arabia None
Fuel oil France, Norway, Poland, Russia VLLC departure Apr 28, VLCC departure Apr 29, VLCC departure May 1
Jetfuel South Korea None

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

ARA gasoil stocks fall

21 april 2016 

markt analyse, markt onderzoek, olieprijs, Rijn, ARA, tank terminals, tank opslag, vrachttarieven, consultancy, oliemarkt, NWE, olieprijzen, opleidingen, financiele sector

Lees Meer

ARA gasoline stocks down on export demand

14 april 2016 

LONDON, April 14 (Reuters) – Gasoline stocks held in the Amsterdam-Rotterdam-Antwerp (ARA) hub fell by just under 7 percent in the week to Thursday, Dutch consultancy PJK International said.

The drawdown came on the back of a strong pull into West Africa, with cargoes leaving Europe to sail to Guinea, Nigeria, Togo and for orders elsewhere.

“Gasoline decreased due to exports, mostly to West Africa … but also to the United States and Latin America,” PJK’s Patrick Kulsen said.

Naphtha stocks fell as strong petrochemical demand via barges and pipeline, blending into gasoline cargoes and backwardation on the forward curve led traders to clear cargoes from storage. Shipments of fuel oil to Singapore also drew down stocks for that product.

Only gasoil stocks registered a significant increase, as soft inland demand coupled with fresh imports boosted stocks. The International Energy Agency on Thursday said that it expected that Europe’s demand for diesel had fallen in the first quarter for the first time in nearly two years.

PJK International is also consulted for (medium and long term) supply and demand forecasting, tradeflow forecasting, oil tanker vessel tracking and its view on price trends on NWE oil markets.

Weekly ARA stocks (in ‘000 tonnes)

Incoming cargoes Outgoing cargoes
Gasoline France, Spain, Sweden, United States, Venezuela Brazil, Guinea, Nigeria, Togo, U.K., United States WAF for orders
Naphtha France, Germany, Russia None
Gasoil India, Qatar, Russia, United States None
Fuel oil France, Poland, Russia, U.K. One part-cargo VLCC arrived on April 10, to depart April 15. Another VLCC departed April 11
Jetfuel Canada, India None

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

ARA gasoline stocks fall on exports

24 maart 2016 

LONDON, March 24 (Reuters) – Gasoline stocks held in the Amsterdam-Rotterdam-Antwerp (ARA) hub fell by more than 10 percent in the past week on growing exports, but overall stocks remained close to an all-time high, Dutch consultancy PJK International said on Thursday.

Gasoline stocks fell by around 133,000 tonnes to 1.17 million tonnes as cargoes departed to Asia, West Africa and other European locations, PJK’s Patrick Kulsen said.

Total product inventories reached an all-time high of 7.02 million tonnes last week.

Naphtha stocks this week were down around 12 percent as demand for blending into gasoline grew.

Fuel oil stocks were higher ahead of planned exports to Singapore, Kulsen said.

Jet inventories rose by over 9 percent on rising imports.

PJK International is also consulted for (medium and long term) supply and demand forecasting, tradeflow forecasting, oil tanker vessel tracking and its view on price trends on NWE oil markets.

Weekly ARA stocks (in ‘000 tonnes)

Incoming cargoes Outgoing cargoes
Gasoline Greece, Finland, Norway, Russia, United Kingdom China, Guinea, Med. for orders, Nigeria for orders, Singapore, United Kingdom
Naphtha Norway, United Kingdom None
Gasoil Canada, India, Russia, Venezuela None
Fuel oil Brazil, Germany, Lithuania, Norway, Poland, Russia, United Kingdom A VLCC left on March 24 with a part cargo to Singapore. Two VLCC’s are expected to depart on March 28 with part cargoes to Singapore
Jetfuel India, Malaysia, South Korea None

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

ARA stocks reach all-time high

17 maart 2016 

LONDON, March 17 (Reuters) – Total product inventories held in the Amsterdam-Rotterdam-Antwerp (ARA) hub reached an all-time high of just over 7 million tonnes in the past week, Dutch consultancy PJK International said on Thursday.

The increase was led mostly by gasoline, where stocks grew by more than 9 percent to 1.3 million tonnes, but remained below the all time-high reached in the week to Feb. 11.

Traders have been storing gasoline to take advantage of a contango in the market, PJK’s Patrick Kulsen said.

Traders have also been building summer grade gasoline stocks ahead of a switch from winter grade in the coming weeks.

Gasoil stocks were 2.4 percent higher because of low inland demand and high imports from Russia and the United States, Kulsen said.

Naphtha was the only product to see a stock draw in the past week, dropping by about one fifth on growing demand for gasoline blending, according to Kulsen.

Naphtha is an ideal blending component for low-octane gasoline that is usually exported to West Africa, where demand for the motor fuel from ARA has been increasing in recent weeks.

PJK International is also consulted for (medium and long term) supply and demand forecasting, tradeflow forecasting, oil tanker vessel tracking and its view on price trends on NWE oil markets.

Incoming cargoes Outgoing cargoes
Gasoline Estonia, Finland, France, Spain, Sweden, United Kingdom China, Mexico, Singapore, Togo, United States
Naphtha France, Portugal, Russia None
Gasoil Canada, Russia, Venezuela, United States UK
Fuel oil Finland, France, Lithuania, Poland, Russia One VLCC is expected to leave for Singapore with part cargo on March 21. Another is due to arrive on March 28 ahead of a planned voyage to Singapore
Jetfuel United Arab Emirates, Saudi Arabia None

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

ARA gasoil stocks rise

10 maart 2016 

LONDON, March 10 (Reuters) – Gasoil stocks held in the Amsterdam-Rotterdam-Antwerp (ARA) hub rose by 5 percent in the past week as traders discharged some volumes that had been held in floating storage, Dutch consultancy PJK International said on Thursday.

Traders opted to discharge gasoil from tankers into tanks on land as space cleared up in those tanks across different terminals in the trading hub, PJK’s Patrick Kulsen said.

Jet inventories fell for a second consecutive week as imports from other regions slowed.

Gasoline stocks rose slightly by around 1.6 percent after falling by 9 percent last week partly because of higher production from refineries in the region, according to Kulsen.

PJK International is also consulted for (medium and long term) supply and demand forecasting, tradeflow forecasting, oil tanker vessel tracking and its view on price trends on NWE oil markets.

 

Incoming cargoes Outgoing cargoes
Gasoline France, Latvia, Russia, Sweden, United Kingdom Brazil, China, Guinea, Singapore, United States
Naphtha Russia, United Kingdom None
Gasoil Canada, Russia, United States None
Fuel oil France, Latvia, Poland, Russia, United Kingdom One VLCC arrived March 6, expected to leave with part cargo to Singapore March 10
Jetfuel United Arab Emirates None

 

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

ARA gasoline stocks draw

3 maart 2016 

LONDON, March 3 (Reuters) – Gasoline stocks in the Amsterdam-Rotterdam-Antwerp (ARA) hub fell by around 9 percent in the past week on increased export activity, Dutch consultancy PJK International said on Thursday.

“We saw lots of gasoline cargoes going out to the Far East, West Africa, and Latin America,” PJK’s Patrick Kulsen said.

The drop is also likely due to traders downsizing their inventories of winter-grade gasoline ahead of the switch to summer grade, Kulsen added.

Fuel oil stocks also fell by around 9 percent as two very large crude carriers (VLCCs) loaded cargoes to go to Singapore.

Jet fuel stocks fell by 6 percent on slowing imports from other regions, while gasoil inventories were little changed.


Interested in consumption, production and tradeflow forecasts of the Northwest European liquid bulk cluster? Download the sample report.

 

Incoming cargoes Outgoing cargoes
Gasoline Estonia, Russia, United Kingdom Mediterranean, Togo
Naphtha Poland, United Kingdom, None
Gasoil India, Latvia, Russia, United States France, United Kingdom
Fuel oil France, Germany, Lithuania, Poland, Russia, United Kingdom, United States One VLCC expected to arrive on Feb. 26 with planned departure to Singapore with part cargo on Feb. 28.
Another VLCC expected to arrive Feb. 28, depart March 1 on same route
Jetfuel South Korea None

 

PJK International is also consulted for (medium and long term) supply and demand forecasting, tradeflow forecasting, oil tanker vessel tracking and its view on price trends on NWE oil markets.

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

ARA fuel oil stocks up ahead of exports to Singapore

25 februari 2016 

LONDON, Feb 25 (Reuters) – Fuel oil stocks in the Amsterdam-Rotterdam-Antwerp (ARA) hub rose by over 11 percent in the past week ahead of the arrival of two tankers expected to take part cargoes to Singapore, Dutch consultancy PJK International said on Thursday.

A very large crude carrier (VLCC) is expected to arrive in ARA on Feb. 26 and depart to Singapore on Feb. 28, with another tanker arriving on Feb. 28 and departing on March 1.

Gasoline inventories climbed by 2.6 percent on imports from other regions and as a contango continues to encourage storage, PJK’s Patrick Kulsen said.

Traders have begun storing gasoline on tankers offshore European ports as tanks on land near maximum capacity.

Gasoil was the only product to see a draw in inventories, by 1.3 percent, on higher than average flows inland as high Rhine water levels allowed for full loadings on barges, Kulsen said.Asia.

Interested in consumption, production and tradeflow forecasts of the Northwest European liquid bulk cluster? Download the sample report.

Incoming cargoes Outgoing cargoes
Gasoline Estonia, Russia, United Kingdom Mediterranean, Togo
Naphtha Poland, United Kingdom, None
Gasoil India, Latvia, Russia, United States France, United Kingdom
Fuel oil France, Germany, Lithuania, Poland, Russia, United Kingdom, United States One VLCC expected to arrive on Feb. 26 with planned departure to Singapore with part cargo on Feb. 28.
Another VLCC expected to arrive Feb. 28, depart March 1 on same route
Jetfuel South Korea None

 

PJK International is also consulted for (medium and long term) supply and demand forecasting, tradeflow forecasting, oil tanker vessel tracking and its view on price trends on NWE oil markets.

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

Gasoline stocks retreat from record high

18 februari 2016 

LONDON, Feb 18 (Reuters) – Gasoline stocks in Europe’s Amsterdam-Rotterdam-Antwerp (ARA) hub fell from an all-time high reached last week on increased export activity, Dutch consultancy PJK International said on Thursday.

But inventory levels slipped by only 5 percent to 1.26 million tonnes as a wide contango kept storing the motor fuel an attractive option for traders.

“We saw a lot of gasoline exports going to West Africa, Singapore, China, and the United States, so that’s part of the story, but there is still a large contango and the inventory is quite high,” PJK’s Patrick Kulsen said.

Traders have begun storing gasoline on tankers off European coasts as onshore tanks near maximum capacity.

Gasoil stocks eased as import volumes fell back but movement of product up the Rhine river remains slightly below average due to weak end-user demand, according to Kulsen.

Jet fuel inventories rose by around 7 percent as cargoes arrived from the Middle East and Asia.

Incoming cargoes Outgoing cargoes
Gasoline Estonia, Finland, Russia, United Kingdom China, Latin America, Guinea for orders, Singapore, United States
Naphtha France, Germany,  United Kingdom, None
Gasoil India, Latvia, Poland, Russia, United States France, United Kingdom
Fuel oil France, Lithuania, Poland, Russia, United Kingdom, United States One VLCC arrived Feb. 14 and left part cargo to Singapore on Feb. 18
Jetfuel United Arab Emirates, South Korea None

 

PJK International is also consulted for (medium and long term) supply and demand forecasting, tradeflow forecasting, oil tanker vessel tracking and its view on price trends on NWE oil markets.

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

ARA gasoline stocks at all-time high

11 februari 2016 

Gasoline stocks in Europe’s Amsterdam-Rotterdam-Antwerp (ARA) hub rose to their highest level since Dutch consultancy PJK International began gathering data, the firm said on Thursday.

Inventories rose by almost 14 percent to 1.33 million tonnes as traders took advantage of a contango in the market structure to place the motor fuel into storage tanks, PJK’s Patrick Kulsen said.

“There has also been floating storage [of gasoline] on barges and there is a big congestion within the port Amsterdam in particular,” Kulsen added.

Rising imports into ARA from German refineries and recent record high inventory levels seen in the United States likely contributed to the ARA stockbuild, Kulsen said.

Naphtha stocks edged lower, mainly because feedstock is being used in gasoline blending, as export demand out of Europe remains weak.

Gasoil stocks steadied as inland demand for heating oil remained below average for this time of year, Kulsen said.

A rise of 5.5 percent in fuel oil stocks is most likely due to the expected arrival of a very large crude carrier (VLCC) to Rotterdam early next week to take a part cargo to Singapore.

Incoming cargoes Outgoing cargoes
Gasoline Estonia, Finland, France, Russia, United Kingdom Libya, Singapore, Togo, Ghana
Naphtha Germany, Russia, United Kingdom, France None
Gasoil India, Latvia, Poland, Russia, United States None
Fuel oil France, Lithuania, Poland, Russia, United Kingdom, United States One VLCC is expected to arrive Feb. 14 to take part cargo to Singapore
Jetfuel None None

 

PJK International is also consulted for (medium and long term) supply and demand forecasting, tradeflow forecasting, oil tanker vessel tracking and its view on price trends on NWE oil markets.

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

ARA naphtha stocks rise 44 percent in week

4 februari 2016 

LONDON, Feb 4 (Reuters) – Naphtha stocks in Europe’s Amsterdam-Rotterdam-Antwerp (ARA) hub jumped by 44 percent this week while other inventory levels were little changed, data from Dutch consultants PJK International showed on Thursday.

Naphtha stocks rose to more than 200,000 tonnes, their highest since October, due to lower blending demand into gasoline and because the “arbitrage out of ARA is not workable at the moment,” PJK’s Patrick Kulsen said.

Gasoline inventories fell slightly, despite a continued contango in the market which encourages storage, as exports increased to China and West Africa, Kulsen said.

Gasoil stocks were steady as inland demand was below average for this time of year. There are “high inland stocks, mild weather, and little to no end-user demand, especially for heating oil,” Kulsen said.

Fuel oil stocks fell slightly as two VLCC’s arrived in the region to move product to Singapore, but Russian import volumes continue to make their way into ARA.

Incoming cargoes Outgoing cargoes
Gasoline Canada, Finland, France, Portugal, Russia, Spain, Sweden Brazil, China, Ghana, Togo, West Africa for orders
Naphtha Germany, Russia, UK None
Gasoil Estonia, Russia, U.S. Finland
Fuel oil France, Poland, Russia, UK  Two VLCCs arrived on Feb. 2: one tanker will depart on Feb 4. and the other on Feb. 5, both part cargoes to Singapore
Jetfuel United Arab Emirates None

 

PJK International is also consulted for (medium and long term) supply and demand forecasting, tradeflow forecasting, oil tanker vessel tracking and its view on price trends on NWE oil markets.

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

ARA gasoline stocks jump 21pct

28 januari 2016 

LONDON, Jan 28 (Reuters) – Gasoline stocks in Europe’s Amsterdam-Rotterdam-Antwerp (ARA) hub jumped by 21 percent this week to a near two-year high, Dutch consultants PJK International said on Thursday.

The stocks rose to more than 1 million tonnes, their highest level since March 2014, as traders looked to take advantage of strong export demand and contango in the market.

“There are lots of cargoes going from Germany refiners to ARA,” PJK’s Patrick Kulsen said. “They are trying to maximise their output for light ends…that’s where all the action is.”

Stocks of other products were little changed, apart from fuel oil, which slid as a Very Large Crude Carrier (VLCC) loaded for Asia.

But storage space for middle distillates outside of ARA was starting to fill, creating logistical issues.

“Tanks inland on the Rhine are quite full at the moment. It’s hampering the trade flows,” Kulsen said. “The weather is so warm, there is no demand for heating oil.”

Middle distillate traders warned that Europe is set to receive two million tonnes of additional diesel imports from the United States, the Middle East and Asia in February, as the region remained the most attractive destination for distillates as prices are higher despite filling tanks and wilting demand.

 

Incoming cargoes Outgoing cargoes
Gasoline France, Latvia, Russia, Sweden, UK Brazil, Mexico, China, Nigeria
Naphtha France, Russia, UK None
Gasoil Estonia, Russia, US Finland
Fuel oil France, Poland, Russia, UK One VLCC, part cargo for Singapore, arrived Jan. 28, two VLCCs for     Singapore to arrive Jan. 30 and Feb. 1
Jetfuel Saudi Arabia, Taiwan None

 

PJK International is also consulted for (medium and long term) supply and demand forecasting, tradeflow forecasting, oil tanker vessel tracking and its view on price trends on NWE oil markets.

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

ARA gasoline stocks fall as export demand draws cargoes

21 januari 2016 

LONDON, Jan 21 (Reuters) – ARA gasoline stocks fell on the week as strong demand for light ends in the United States, Asia and West Africa helped pull cargoes away from the region, according to data from consultancy PJK International.

Naphtha stocks also drew down as a result of backwardation along the price curve, a market structure in which prices in the future are expected to be below current levels. When this happens, traders are encouraged to sell the cargoes they have in stock.

“We saw some (gasoline) cargoes going out – that may be part of the story. There was a big cargo to Singapore – 80,000 tonnes,” said PJK’s Patrick Kulsen. “Naphtha is also of course going into gasoline blending.”

Stocks of middle distillates, including gasoil and jet fuel, both increased as imports piled on and inland buyers showed little interest in new deliveries, despite the onset of cold weather across Europe.

“Inland demand is not so strong, and imported stocks in Germany and Switzerland are quite high,” Kulsen said. “So even though the weather is colder, it didn’t result in that much flow of gasoil up the Rhine.”

Industry watchers have warned that distillates could swamp the available storage space before a demand recovery takes hold.

 

Incoming cargoes Outgoing cargoes
Gasoline Baltic, Belarus, Estonia, France, Latvia, Spain, Sweden,
UK
Brazil, Mexico, Nigeria, Singapore, West Africa
Naphtha France, Germany, UK None
Gasoil India, UK, US Finland
Fuel oil France, Finland, Germany, Russia, UK one VLCC departs to Singapore on Jan 26, part cargo
Jet fuel Saudi Arabia, UAE None

 

PJK International is also consulted for (medium and long term) supply and demand forecasting, tradeflow forecasting, oil tanker vessel tracking and its view on price trends on NWE oil markets.

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

ARA gasoline stocks rise a second week on contango

14 januari 2016 

LONDON, Jan 14 (Reuters) – Gasoline stocks in the Amsterdam-Rotterdam-Antwerp (ARA) storage hub rose by 13 percent on the week as contango led sellers to hold onto their cargoes, according to Dutch consultancy PJK International.

Naphtha stocks also rose by 26,000 tonnes as the slower gasoline exports impinged on the amount of naphtha cargoes that are exported as blendstock fo high quality gasoline.

“We have a contango on light ends,” PJK’s Patrick Kulsen said. “We also see product coming from Germany to ARA.”

However, with demand in export markets such as West Africa and the United States Kulsen said gasoline stocks could decline next week if that buying interest maintains.

Gasoil stocks, which have been persistently high in recent months due to strong imports, high refinery runs across Europe and relatively warm winter weather, fell this week.

“There is some demand in the hinterland due to cold weather,” Kulsen said, adding that better conditions on the Rhine river, a key passageway into Germany and Switzerland, had also helped keep cargoes leaving ARA.

 

Incoming cargoes Outgoing cargoes
Gasoline France, Sweden, Russia, UK Brazil, China, West Africa
Naphtha Germany, Norway, Russia None
Gasoil India, Latvia, Norway, UK, US None
Fuel oil Estonia, Russia, France, UK One VLCC part cargo departing for Singapore Jan. 15, second VLCC with a part cargo for Singapore arriving Jan. 17
Jet fuel None None

 

PJK International is also consulted for (medium and long term) supply and demand forecasting, tradeflow forecasting, oil tanker vessel tracking and its view on price trends on NWE oil markets.

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

ARA gasoline stocks up 9 pct despite export demand

8 januari 2016 

LONDON, Jan 7 (Reuters) – Gasoline stocks in the Amsterdam-Rotterdam-Antwerp (ARA) storage hub rose by 9 percent on the week despite export demand to the United States and West Africa as a wide contango encouraged storage buying, according to Dutch consultancy PJK International.

Naphtha stocks fell by 39,000 tonnes as petrochemical plants in northwest Europe showed buying appetite for the feedstock. Backwardation in the paper market also contributed to stocks falling, PJK’s Patrick Kulsen said.

Gasoil stocks were up by more than 6 percent because of high supplies entering the region from the Baltic, Russia and the United States.

Fuel oil inventories were up 11 percent and no VLCCs have been booked this week or last to load on the Rotterdam to Singapore route, Kulsen said. VLCCs typically carry about 270,000 tonnes of fuel oil.

 

Incoming cargoes Outgoing cargoes
Gasoline France, Russia, Turkey, UK Brazil, Ghana, Mexico, Saudi Arabia, UK, West Africa
Naphtha Germany, Russia None
Gasoil Baltic, Russia, U.S. Finland
Fuel oil Estonia, Russia, France, UK None
Jet fuel None None

 

PJK International is also consulted for (medium and long term) supply and demand forecasting, tradeflow forecasting, oil tanker vessel tracking and its view on price trends on NWE oil markets.

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

ARA gasoline stocks fall 11 pct on export demand

31 december 2015 

LONDON, Dec 31 (Reuters) – Gasoline stocks in the Amsterdam-Rotterdam-Antwerp storage hub fell by 11 percent on the week due to strong demand in the United States and West Africa, according to Dutch consultancy PJK International.

Gasoline stocks dropped by just over 100,000 tonnes as traders looked to take advantage of solid demand outside of Europe.

“Gasoline is down by a lot due to exports to the U.S. and West Africa,” said PJK’s Patrick Kulsen. “The arbitrage is open.”

Gasoil stocks also fell, by nearly 7 percent, due to a narrower contango and efforts to destock ahead of the year-end. Kulsen said there were also some indications of distillate exports to North Africa, particularly Morocco.

Morocco’s only oil refinery has been shut since the summer. Morocco is also preparing for a switch to 10 ppm diesel in March 2016, from the current level of 50 ppm.

 

31/12/2015 24/12/2015 31/12/2014
Gasoline 803 905 894
Naphtha 204 196 237
Gasoil 3,308 3,546 2,724
Fuel oil 1,162 1,185 715
Jet fuel 794 788 523

 

Incoming cargoes Outgoing cargoes
Gasoline Baltic, France, Russia, Spain, UK US, WAF
Naphtha France, Germany, Russia Far East
Gasoil Baltic, India, Russia, US None
Fuel oil Russia, France, UK ne VLCC left Dec. 29 for Singapore
Jet fuel Saudi Arabia, UAE None

 

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

ARA light end stocks rise as traders look to export or store

24 december 2015 

LONDON, Dec 24 (Reuters) – Stocks of gasoline rose this week in the Amsterdam-Rotterdam-Antwerp hub due to contango in that market, while naphtha edged higher allowing traders to build export cargoes, according to Dutch consultancy PJK International.

Gasoline contango encouraged traders to build speculative stock positions, according to PJK’s Patrick Kulsen, while strong demand in Asia for naphtha cargoes drew more of it into the ARA region for export.

Cargoes of distillates, including gasoil, diesel and jet fuel, all slid over the past week, which PJK put down to efforts to limit stocks before the end of the year.

Warm weather has curtailed demand across inland European markets, while falling Rhine water levels were threatening to disrupt barge loadings on the key passageway into Europe again, though Kulsen said that thus far there was not a problem finding barges.

 

24/12/2015 17/12/2015 24/12/2014
Gasoline 905 816 644
Naphtha 196 143 149
Gasoil 3,546 3,742 2,736
Fuel oil 1,185 1,035 641
Jet fuel 788 803 422

 

Incoming cargoes Outgoing cargoes
Gasoline Baltic, Russia, UK Latin America, US, WAF
Naphtha France, Germany, Italy, Russia None
Gasoil Russia, US None
Fuel oil Russia, France One VLCC departed for Singapore on December 22. Second
to arrive Dec. 30, departing with partial for Singapore on Jan. 1
Jet fuel Saudi Arabia, South Korea, Taiwan None

 

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

ARA stocks slip, but gasoil stays near record high

17 december 2015 

LONDON, Dec 17 (Reuters) – Gasoil stocks independently held in the Amsterdam-Rotterdam-Antwerp (ARA) hub fell back from a record high in the week to Thursday, data from Dutch consultancy PJK International showed.

Gasoil stocks, which include diesel and heating oil, fell slightly despite weak demand as companies looked to limit their end-of-year stocks.

Stocks of light ends, including gasoline and naphtha, both rose as refineries ran full steam to take advantage of strong margins, PJK analyst Patrick Kulsen said.

“Due to the large crack spread, production is quite high,” Kulsen said. “Inland refineries are shipping more gasoiline than usual” up the Rhine and into ARA storage tanks.

 

17/12/2015 10/12/2015 18/12/2014
Gasoline 816 781 759
Naphtha 143 95 213
Gasoil 3,742 3,775 2,653
Fuel oil 1,035 1,187 629
Jet fuel 803 853 527

 

Incoming cargoes Outgoing cargoes
Gasoline Denmark, France, Portugal, Spain and Sweden  Argentina, China, US, WAF
Naphtha France, Russia, UK Singapore
Gasoil Baltic, UK, US UK
Fuel oil France, Lithuania, Poland, Russia, UK One VLCC departed for Singapore on December 14, while a second is loading and will depart the December 19
Jet fuel Bahrain, India, Indonesia, Kuwait, South Korea, UAE None

 

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

ARA gasoil stocks hit new record high

10 december 2015 

LONDON, Dec 10 (Reuters) – Gasoil stocks independently held in the Amsterdam-Rotterdam-Antwerp (ARA) hub rose to a fresh record high in the week to Thursday, data from Dutch consultancy PJK International showed.

Gasoil stocks, which include diesel and heating oil, have risen steadily over the past month as imports into the region grew while a weak price structure made storage more profitable.

Demand in inland markets including Germany and Switzerland was also weak due to mild weather and relatively high barge freight rates going up the Rhine river, PJK analyst Patrick Kulsen said.

Weekly ARA stocks (in ‘000 tonnes)

 

10/12/2015 03/12/2015 11/12/2014
Gasoline 781 758 684
Naphtha 95 188 262
Gasoil 3,775 3,672 2,660
Fuel oil 1,187 1,113 681
Jet fuel 853 846 519

 

Incoming cargoes Outgoing cargoes
Gasoline France, Portugal, Russia, Sweden, UK China, USA, WAF
Naphtha Germany, Russia Far East
Gasoil Latvia, Sweden, UK, USA None
Fuel oil France, Lithuania, Norway, Poland, Russia, UK VLCC expected departure Dec. 14 for Singapore; VLCC expected to arrive Dec. 14
Jet fuel South Korea, UAE None

 

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

ARA gasoline stocks rise sharply

3 december 2015 

LONDON, Dec 3 (Reuters) – Gasoline stocks independently held in the Amsterdam-Rotterdam-Antwerp (ARA) hub rose sharply in the week to Thursday, data from Dutch consultancy PJK International showed.

Gasoline stocks were up by more than 20 percent at 758,000 tonnes, according to the data, as exports from the region slowed, PJK’s Patrick Kulsen said.

“There was a big increase in gasoline due to lower exports. The increase was seen across multiple terminals,” Kulsen said.

ARA gasoil stocks also rose due to an increased flow of imports and stronger storage incentives due to a sharp discount of prompt prices to future values, in what is known as contango.

Mild weather in northwest Europe put further pressure on demand while a revival of water levels along the Rhine river after months of barge traffic disruptions did little to spark demand, Kulsen said.

Weekly ARA stocks (in ‘000 tonnes)

 

03/12/2015 26/11/2015 04/12/2014
Gasoline 758 625 579
Naphtha 188 173 269
Gasoil 3,672 3,584 2,578
Fuel oil 1,113 1,217 744
Jet fuel 846 761 476

 

Incoming cargoes Outgoing cargoes
Gasoline France, Italy, Sweden, UK China, Latin America, USA and West Africa
Naphtha Germany, Russia None
Gasoil Nigeria, Russia, Saudi Arabia, UK, USA None
Fuel oil France, Norway, Poland, Russia, UK 2 VLCCs departure exp. Dec. 3 for Singapore
Jet fuel South Korea, UAE None

 

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

ARA gasoil stocks rise, inland demand stable

26 november 2015 

LONDON, Nov 26 (Reuters) – Gasoil stocks independently held in the Amsterdam-Rotterdam-Antwerp (ARA) hub rose to a one-month high in the week to Thursday, data from Dutch consultancy PJK International showed.

The discount of prompt diesel prices to later months known as contango, deepened over the past week on higher supplies and limited demand.

An increase in water levels along the Rhine river after months of extremenly low levels that limited barge traffic did little to increase demand from inland markets including Germany and Switzerland.

“The contango still makes storing product interesting. With better loading along the Rhine, barges are able to load more than before but demand remains stable,” PJK’s Pieter Kulsen said.
Gasoline stocks were little changed over the past week.

Weekly ARA stocks (in ‘000 tonnes)

 

26/11/2015 19/11/2015 27/11/2014
Gasoline 625 629 431
Naphtha 173 206 289
Gasoil 3,584 3,557 2,534
Fuel oil 1,217 1,338 660
Jet fuel 761 801 553

 

Incoming cargoes Outgoing cargoes
Gasoline UK, Baltics Brazil, Mexico, Nigeria, USA
Naphtha Germany, Russia None
Gasoil Lithuania, Saudia Arabia, UK, USA None
Fuel oil France, Norway, Poland, Russia, UK VLCC sailing Nov. 27 for Singapore, VLCC expected Nov. 27
Jet fuel Taiwan, UAE None

 

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

ARA gasoline stocks rise

22 oktober 2015 

LONDON, Oct 22 (Reuters) – Gasoline stocks independently held in the Amsterdam-Rotterdam-Antwerp hub rose in the week to Thursday to 794,000 tonne, data from Dutch consultancy PJK International showed.

Gasoil stocks, which include diesel, slightly declined as barge traffic along the Rhine river improved slightly in recent days due to a small recovery in water levels, PJK’s Patrick Kulsen said.

“We are seeing a little more hinterland demand,” he said.

Read more on the economics, drivers and market trends of the ARA tank storage market in our Knowledge center.

Weekly ARA stocks (in ‘000 tonnes)

 

22/10/2015 15/10/2015 23/10/2014
Gasoline 794 769 494
Naphtha 189 196 139
Gasoil 3,597 3,710 2,687
Fuel oil 856 1,027 463
Jet fuel 816 724 569

 

Incoming cargoes Outgoing cargoes
Gasoline Baltics, Poland, Portugal, Spain, Uk Canada, Mexico, Nigeria, USA
Naphtha Germany, Russia, Spain, UK None
Gasoil Lithuania, Saudia Arabia, UK, USA Cape Town, Gibraltar
Fuel oil France, Norway, Russia, UK None
Jet fuel South Korea None

 

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

ARA gasoline stocks at lowest level since June

15 oktober 2015 

LONDON, Oct 15 (Reuters) – Gasoline stocks independently held in the Amsterdam-Rotterdam-Antwerp hub dropped by 11 percent in the week to Thursday to 769,000 tonne, data from Dutch consultancy PJK International showed.

The big draw in gasoline to the lowest level since early June was due to large exports from the region to the North America, Latin America, China and West Africa, PJK analyst Patrick Kulsen said.

Gasoil stocks slightly declined but held near record highs as low water levels along the Rhine river continued to hamper barge traffic along the key artery into inland markets.

“Barges are still going up the Rhine half-empty,” Kulsen said.

Read more on the economics, drivers and market trends of the ARA tank storage market in our Knowledge center.

Weekly ARA stocks (in ‘000 tonnes)

 

15/10/2015 08/10/2015 16/10/2014
Gasoline 769 861 490
Naphtha 496 291 162
Gasoil 3,710 3,754 2,804
Fuel oil 1,027 1,020 516
Jet fuel 724 809 540

 

Incoming cargoes Outgoing cargoes
Gasoline Baltics, Spain, Sweden, UK Brazil, Canada, China, Mexico, WAF and USA
Naphtha Russia, UK None
Gasoil India, UK, USA None
Fuel oil Estonia, France, Lithuania, Poland, Russia, UK VLCC, 16 Oct expected departure to Singapore
Jet fuel South Korea, Saudi Arabia None

 

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

ARA gasoil stocks rise to fresh record

8 oktober 2015 

LONDON, Oct 8 (Reuters) – ARA gasoil stocks independently held in the Amsterdam-Rotterdam-Antwerp hub rose 5 percent in the week to Thursday to a new record high, data from Dutch consultancy PJK International showed.

Severe barge traffic disruptions along the Rhine river due to low water levels over the last month have led to a build up in gasoil inventories at the hub.

“There are still very low water levels for an exceptionally long period of time,” PJK’s Patrick Kulsen said.

Barges have been loading at half of their capacity due to the low water levels.

“Freight rates high are and barge capacity is short. There is product going up the Rhine but it is taking much longer.

ARA gasoline stocks declined as overseas demand rose in recent weeks due to refinery maintenance in the Middle East and Asia.

Read more on the economics, drivers and market trends of the ARA tank storage market in our Knowledge center.

Weekly ARA stocks (in ‘000 tonnes)

 

08/10/2015 01/10/2015 09/10/2014
Gasoline 861 930 554
Naphtha 291 262 206
Gasoil 3,754 3,554 2,788
Fuel oil 1,020 1,079 569
Jet fuel 809 778 556

 

Incoming cargoes Outgoing cargoes
Gasoline Baltics, France, Russia, UK Algeria, USA
Naphtha France, Germany, Russia None
Gasoil Nigeria, Russia, Saudi Arabia, UK, USA None
Fuel oil Estonia, France, Lithuania, Poland, Russia, UK VLCC, 8 Oct expected departure to Singapore
Jet fuel South Korea, Kuwait None

 

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

ARA gasoil stocks inch off highs

1 oktober 2015 

LONDON, Oct 1 (Reuters) – Gasoil stocks independently held in the Amsterdam-Rotterdam-Antwerp hub have inched lower, data from Dutch consultancy PJK International showed on Thursday.

However, stocks were still about 24 percent higher than the same time last year due to refineries pumping at close to full capacity because of strong margins, PJK’s Patrick Kulsen said.

Stocks rose last month to their highest since records began more than a decade ago.

The lower stocks could be attributed to slightly stronger demand in inland Europe, reflected by a busier barge market.

Gasoline stocks also fell slightly, with Kulsen saying that a backwardation in the market and exports to China had curbed the amount being stored.

Read more on the economics, drivers and market trends of the ARA tank storage market in our Knowledge center.

Weekly ARA stocks (in ‘000 tonnes)

 

01/10/2015 24/09/2015 02/10/2014
Gasoline 930 935 591
Naphtha 262 294 263
Gasoil 3,554 3,613 2,867
Fuel oil 1,079 1,110 639
Jet fuel 778 837 522

 

Incoming cargoes Outgoing cargoes
Gasoline Baltics, Russia, UK China, Israel, West Africa
Naphtha Germany, Poland, Russia None
Gasoil Saudi Arabia, UK, USA Algeria
Fuel oil Estonia, France, Lithuania, Poland, Russia, UK VLCC, 2 Oct expected departure to Singapore
Jet fuel Saudi Arabia None

 

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

ARA gasoline stocks decline 6.7 pct

24 september 2015 

LONDON, Sept 24 (Reuters) – ARA gasoline stocks independently held in the Amsterdam-Rotterdam-Antwerp hub declined by 6.7 percent in the week to Thursday, data from Dutch consultancy PJK International showed.

Gasoil and diesel stocks slightly declined as inland demand rose after water levels along the Rhine river recovered a bit in recent days following weeks of severe barge traffic disruptions, PJK’s Patrick Kulsen said.

End-users in markets such as Germany and Switzerland have been replenishing stocks that have drawn in recent weeks due to the barge supply problems, he added.

Read more on the economics, drivers and market trends of the ARA tank storage market in our Knowledge center.

Weekly ARA stocks (in ‘000 tonnes)

 

24/09/2015 17/09/2015 25/09/2014
Gasoline 935 1,002 644
Naphtha 294 255 149
Gasoil 3,613 3,678 2,736
Fuel oil 1,110 1,151 641
Jet fuel 837 811 422

 

Incoming cargoes Outgoing cargoes
Gasoline Baltics, Israel, UK Nigeria, Mexico, Togo
Naphtha France, Germany, Portugal, Russia None
Gasoil Russia. Saudi Arabia, UK, USA France
Fuel oil Estonia, France, Poland, Russia, UK VLCC dep. Sept 23 for Sing, VLCC dep. 27 Sept for Singapore
Jet fuel India, Saudi Arabia, UAE None

 

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

ARA gasoline stocks rise as exports slow

17 september 2015 

LONDON, Sept 17 (Reuters) – Gasoline stocks independently stored in the Amsterdam-Rotterdam-Antwerp hub rose in the week to Thursday to above 1 million tonnes as exports slowed, data from Dutch consultancy PJK International showed.

Gasoil stocks rose to an all-time high as imports from the U.S. Gulf Coast, the Middle East and Asia intensified in recent weeks.

Extremely low water levels along the Rhine river and the Danube severely limited barge loading and traffic along the key artery, creating a backlog in the ARA hub, PJK’s Patrick Kulsen said.

Read more on the economics, drivers and market trends of the ARA tank storage market in our Knowledge center.

Weekly ARA stocks (in ‘000 tonnes)

 

17/09/2015 10/09/2015 18/09/2014
Gasoline 1,002 959 597
Naphtha 255 273 199
Gasoil 3,678 3,671 2,790
Fuel oil 1,151 1,142 631
Jet fuel 811 668 436

 

Incoming cargoes Outgoing cargoes
Gasoline Norway, Portugal, UK Nigeria, Togo, U.S.
Naphtha Germany, Russia None
Gasoil India, Sweden, US France
Fuel oil Estonia, France, Poland, Russia, UK T2 VLCCs part cargo for Singapore ETA 19, 23 Sept.
Jet fuel South Korea, UAE None

 

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

ARA gasoil stocks hit fresh high, other products fall

10 september 2015 

Due diligence, market research, oil price, Rhine, tank terminals, tank storage, freight rates, consultancy, oil market, NWE, oil prices, ARA gasoil stocks

Lees Meer

ARA gasoil stocks hit all-time high

3 september 2015 

LONDON, Sept 3 (Reuters) – Gasoil stocks independently held at Europe’s Amsterdam-Rotterdam-Antwerp hub rose to an all-time high in the week to Thursday at 3.5 million tonnes, according to data from Dutch oil consultants PJK International.

The gasoil contango, when front month prices trade below futures, has widened to around $5 a tonne in recent weeks, encouraging storage.
Total oil product stocks also reached a new all-time high.

Continuing low water levels along the Rhine and Danube rivers means barges are operating at around only 45 percent capacity.

Water levels are expected to decrease further in the next few days and no precipitation is expected in the Rhine region in the next fortnight, brokerage Riverlake Barging said.

Gasoline and naphtha stockpiles remained steady while fuel oil stocks rose.

Read more on the economics, drivers and market trends of the ARA tank storage market in our Knowledge center.

Weekly ARA stocks (in ‘000 tonnes)

 

03/09/2015 27/08/2015 04/09/2014
Gasoline 1,008 1,001 713
Naphtha 330 332 181
Gasoil 3,526 3,281 2,781
Fuel oil 1,157 998 781
Jet fuel 720 761 368

 

Incoming cargoes Outgoing cargoes
Gasoline Norway, Sweden, UK Mexico, Togo, US
Naphtha France, Russia None
Gasoil India, UK, US None
Fuel oil Estonia, France, Russia, UK Two VLCC’s are estimated to depart for Singapore on 5-6 Sept.
Jet fuel UAE None

 

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

ARA oil product stocks reach fresh all-time high

27 augustus 2015 

LONDON, Aug 27 (Reuters) – Oil product stocks independently held at Europe’s Amsterdam-Rotterdam-Antwerp hub hit a fresh all-time high on Thursday at 6.47 million tonnes, according to data from Dutch oil consultants PJK International.

This beat the previous high set at the start of August, when stockpiles topped 6.42 million tonnes.

Gasoline, naphtha, gasoil and jet fuel inventories all rose as European refineries continued to run hard to take advantage of strong margins, while contango market structures for naphtha, gasoil and jet fuel also incentivised storage.

Gasoil inventories, which include diesel, rose by almost 4 percent to 3.38 million tonnes, whilst gasoline stocks edged up by 1.3 percent to just over 1 million tonnes.

The week has not been particularly busy for incoming cargoes, but the persistence of low water levels along the Rhine and Danube rivers has led to high freight rates, keeping refined products in the ARA hub.

“It’s preventing transport,” said PJK’s Patrick Kulsen, adding that demand for storage tank capacity was so high there were reports of congestion at some tank terminals.

“Everything is booked out,” he said. “The barges are not always able to discharge.”

Read more on the economics, drivers and market trends of the ARA tank storage market in our Knowledge center.

Weekly ARA stocks (in ‘000 tonnes)

 

27/08/2015 20/08/2015 28/08/2014
Gasoline 1,001 988 811
Naphtha 332 311 239
Gasoil 3,381 3,251 2,752
Fuel oil 998 1,036 583
Jet fuel 761 738 384

 

Incoming cargoes Outgoing cargoes
Gasoline Finland, France, Russia, UK Brazil, Denmark, Puerto Rico, Mexico, USA
Naphtha Portugal, Russia, UK None
Gasoil South Africa, Sweden, USA Spain
Fuel oil Germany, Russia VLCC departing for Singapore on Aug. 31
Jet fuel Saudi Arabia, South Korea None

 

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

ARA product stocks fall

20 augustus 2015 

London, 20 August (Argus) — Independent product stocks in the Amsterdam-Rotterdam-Antwerp region fell slightly during the past week despite a substantial increase in fuel oil inventories. Total product stocks stood at 6.324mn t today, down by 35,000t from a week ago, data from Dutch consultancy PJK International showed.

Fuel oil stocks climbed by 245,000t to 1.036mn t during the week as arbitrage to Asia-Pacific remained closed and no VLCCs were loaded to take product to Singapore.

Naphtha stocks also increased during the period, rising by 54,000t to reach 311,000t, marking an all-time high. Low water levels on the Rhine have impacted naphtha shipments to Germany. And demand for open-specification naphtha weakened.

But the increase in fuel oil and naphtha stocks was offset by declines in gasoil, gasoline and jet fuel inventories.

Gasoil stocks saw the most significant drop, falling by 209,000t to 3.251mn t after hitting a record high last week. Inland demand for diesel increased, while flows from Russia to the region were lower than in the previous week.

Jet fuel stocks decreased by 61,000t to 738,000t during the week as demand for the product showed an increase from the previous week’s levels, while imports remained steady.

And gasoline stocks declined by 64,000t to 988,000t as export flows to the US increased compared with early August, but remained relatively low.

Would you like to learn more about profitability ARA tank storage markets, read this free e-book.

ARA gasoil stocks hit record

6 augustus 2015 

LONDON, Aug 6 (Reuters) – ARA gasoil stocks in independently held storage at Europe’s Amsterdam-Rotterdam-Antwerp hub hit a record high, helping boost overall product stocks to a another record on Thursday, according to data from Dutch consultants PJK International.

Only stocks of gasoline fell measurably, as buyers in the United States, West Africa and Latin America booked cargoes from Europe, PJK’s Patrick Kulsen said. Other products either posted gains or, in the case of jet fuel, were flat from the previous week.

“Gasoil has increased dramatically due to imports, and also contango,” Kulsen said. “It also indicates oversupply.”

Gasoil stock levels are now 29 percent above where they were at the same time last year, according to PJK data, with overall product stocks roughly 40 percent higher on the year.
There are now 6.4 million tonnes of gasoline, jet fuel, naphtha, gasoil and fuel oil in the ARA hub locations tracked by PJK.

The increase comes as refineries in Europe run flat out to take advantage of strong margins for gasoline, which stood above $26 a barrel on Thursday afternoon. At the same time, demand growth for distillates such as gasoil, diesel and jet fuel has not matched the growth in supply.

Other regions, including the Middle East and Asia, are also now targeting Europe with their surplus distillates, adding to the oversupply.

Read more on the economics, drivers and market trends of the ARA tank storage market in our Knowledge center.

Weekly ARA stocks (in ‘000 tonnes)

 

06/08/2015 30/07/2015 07/08/2014
Gasoline 987 1,113 761
Naphtha 267 210 152
Gasoil 3,368 3,183 2,610
Fuel oil 1,042 870 591
Jet fuel 761 764 368

 

Incoming cargoes Outgoing cargoes
Gasoline Norway, Russia, Sweden Brazil, Canada, Mexico, Nigeria, Togo
Naphtha Portugal, Russia None
Gasoil Norway, Russia, Sweden, UK, US None
Fuel oil France, Germany, Lithuania, Norway,  Poland One VLCC scheduled to sail for Asia on August 6
Jet fuel Kuwait, Saudi Arabia None

 

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

ARA oil product stocks reach all-time high

30 juli 2015 

LONDON, July 30 (Reuters) – Oil product stocks in independently held storage at Europe’s Amsterdam-Rotterdam-Antwerp hub hit an all-time high on Thursday, according to data from Dutch consultants PJK International.

All product stocks rose, for an overall gain of 4 percent in the week to Thursday. There are now 6.1 million tonnes of gasoline, jet fuel, naphtha, gasoil and fuel oil in the ARA hub locations tracked by PJK.

“We see a lot of production,” said PJK’s Patrick Kulsen.

European refineries have been running at close to maximum capacity this year to take advantage of stellar demand for gasoline, particularly in the United States.

But U.S. refineries have also ramped up production, diminishing the need for Europe’s gasoline. Gasoline stocks in ARA are now at the highest level since April 2014.

Distillates such as diesel and jet fuel have been less in demand compared with gasoline throughout the summer, and ARA jet fuel stocks are now at the highest level since the summer of 2011, Kulsen said.

Read more on the economics, drivers and market trends of the ARA tank storage market in our Knowledge center.

Weekly ARA stocks (in ‘000 tonnes)

 

30/07/2015 23/07/2015 31/07/2014
Gasoline 1,113 1,094 746
Naphtha 210 190 246
Gasoil 3,183 3,182 2,634
Fuel oil 870 737 664
Jet fuel 764 680 425

 

Incoming cargoes Outgoing cargoes
Gasoline Denmark, France, UK Canada, Mexico, Togo
Naphtha Cuba, Russia None
Gasoil Finland, France,  Russia, UK, US Argentina for orders
Fuel oil Estonia, Lithuania, Poland, Russia, Spain, UK No new VLCCs. One VLCC arrived July 20 has loaded and is waiting to leave
Jet fuel India, UAE None

 

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

ARA gasoline stocks rise to 15 month high

23 juli 2015 

LONDON, July 23 (Reuters) – ARA gasoline stocks independently held in Europe’s Amesterdam-Rotterdam-Antwerp storage hub rose in the week to Thursday to their highest level since April 2014, according to data from Dutch consultants PJK International.

Refineries in Europe have been operating at near maximum rates in recent months as profit margins soared to multi-year highs on the back of strong oil products demand, particularly gasoline.

Gasoline refining margins have come off by around a third over the past week but remain supported by strong overseas demand, although exports have eased.

“We are seeing less export volume for gasoline, less than the last couple of weeks,” PJK analyst Patrick Kulsen said.

Read more on the  economics, drivers and market trends of the ARA tank storage market in our Knowledge center.

Weekly ARA stocks (in ‘000 tonnes)

 

23/07/2015 16/07/2015 24/07/2014
Gasoline 1,094 981 873
Naphtha 190 289 273
Gasoil 3,182 3,245 2,724
Fuel oil 737 837 696
Jet fuel 680 699 468

 

Incoming cargoes Outgoing cargoes
Gasoline France, Latvia, Russia, Sweden, Spain, UK Mexico, US, WAF for orders
Naphtha France, Russia, Tunisia None
Gasoil France, Norway, Russia, Sweden, UK, US Sweden
Fuel oil Denmark, Estonia, France, Germany, Lithuania, Poland, Russia, UK 1 VLCC arrived at 19/7 and is expected to leave part cargo to Singapore on 23/7, 1 VLCC arrived at 20/7 and is expected to leave for Singapore 28/7
Jet fuel Saudi Arabia None

 

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

ARA gasoil stocks hit record high

16 juli 2015 

LONDON, July 16 (Reuters) – ARA gasoil stocks independently stored in the Amsterdam-Rotterdam-Antwerp hub rose to a record high in the week to Thursday, data from Dutch oil consultancy PJK International showed.

Total refined product stocks in the European storage hub also rose to an all-time high as refiners in the region continue to operate at near-maximum rates while exports slow.

Gasoil stocks, which include diesel, increased as storage incentives grew with the prompt low-sulphur gasoil futures traded at a deeper discount to the September contract, in what is known as contango.

“The contango widened so that stimulates putting product in storage, also we saw lots of imports and local production is still quite high,” PJK analyst Patrick Kulsen said.

“All the ingredients to keep stocks rising are there.”

Gasoline stocks also rose over the past week as exports to the U.S. East Coast and the Middle East, which helped drive gasoline refining margins to a 10-year high in recent weeks, have slowed, Kulsen said.

Read more on the  economics, drivers and market trends of the ARA tank storage market in our Knowledge center.

Weekly ARA stocks (in ‘000 tonnes)

 

16/07/2015 09/07/2015 17/07/2014
Gasoline 981 942 829
Naphtha 289 245 214
Gasoil 3,245 3,193 2,630
Fuel oil 837 982 804
Jet fuel 699 635 369

 

Incoming cargoes Outgoing cargoes
Gasoline Denmark, Finland, Lithuania, Russia, Sweden, UK Mexico, USA, WAF
Naphtha Germany, Russia None
Gasoil Russia, Saudi Arabia, USA Algeria
Fuel oil Denmark, France, Ivory Coast, Poland, Russia, Spain, UK VLCC expected to arrive on July 19 to load for Singapore
Jet fuel Saudi Arabia None

 

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

Weekly ARA oil stocks hit record high

9 juli 2015 

LONDON, July 9 (Reuters) – ARA oil stocks in independently held storage in Europe’s Amsterdam-Rotterdam-Antwerp hub hit a record high on Thursday, data from Dutch oil consultancy PJK International showed.

Inventories of gasoline, gasoil, naphtha, jet fuel and fuel oil all rose to reach a total of a little less than 6 million tonnes this week, 4.7 percent above the previous week.

“Nearly all the products are in contango,” PJK’s Patrick Kulsen said. “There is an oversupply … all refineries are producing.”

Gasoline, however, is in backwardation, suggesting prices now are higher than those next month. But traders have to first bring the cargoes into the ARA hub before exporting them to hungry drivers in the United States, Mexico and West Africa.

A fire-related outage at the gasoline-producing fluid catalytic cracker at Germany’s 310,000 barrel per day MiRO refinery is also increasing demand for gasoline barges within Europe, meaning this week’s rise in gasoline stocks could be short-lived.

Stocks of other products, however, could increase further as refineries look to run as much crude oil as possible to take advantage of high margins. Data earlier on Thursday from Euroilstock showed refinery runs across Europe up 9.3 percent year on year in June.

Weekly ARA stocks (in ‘000 tonnes)

 

09/07/2015 02/07/2015 10/07/2014
Gasoline 942 880 798
Naphtha 245 281 181
Gasoil 3,193 3,224 2,598
Fuel oil 982 953 708
Jet fuel 635 627 362

 

Incoming cargoes Outgoing cargoes
Gasoline Denmark, France, Germany, UK Mexico, US Atlantic Coast, West Africa
Naphtha France, Russia None
Gasoil Latvia, Germany, Russia, Sweden Argentina, Denmark
Fuel oil France, Lithuania, Russia, UK 1 VLCC is bound to leave on July 11
Jet fuel Saudi Arabia None

 

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

ARA gasoil stocks retreat as demand picks up

2 juli 2015 

LONDON, July 2 (Reuters) – ARA gasoil stocks independently held at the Amsterdam-Rotterdam-Antwerp hub retreated in the week to Thursday, with demand pulling some stocks out of storage, Dutch oil consultancy PJK International said.

Gasoil inventories fell 3.5 percent from last week’s record high to 3.113 million tonnes.

“There’s a correction from last week,” PJK’s Patrick Kulsen said. “There are more barges of diesel going down the Rhine, which is why stocks are down a bit.”

However, gasoil stocks are still around 25 percent higher than they were at the same time last year.

This is largely because an entrenched contango has allowed traders to store products at a high price because they know they will be able to sell them for a higher price at a later date.

Naphtha stocks fell 16 percent to 235,000 tonnes. “There’s demand for naphtha for gasoline blending,” Kulsen said, referring to the strong gasoline crack that has encouraged refiners to produce high volumes of the fuel.

Weekly ARA stocks (in ‘000 tonnes)

 

02/07/2015 25/06/2015 03/07/2014
Gasoline 880 881 887
Naphtha 235 281 200
Gasoil 3,112 3,224 2,491
Fuel oil 881 953 740
Jet fuel 619 627 377

 

Incoming cargoes Outgoing cargoes
Gasoline Latvia, France,  Russia, UK, USA Nigeria, South Africa, USA, Canada
Naphtha UK None
Gasoil Latvia, Germany, Nigeria, Russia, Sweden, UK USA Morocco
Fuel oil Germany, Lithuania, Poland, UK 1 VLCC is bound to leave on July 6
Jet fuel UAE None

 

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

ARA gasoil stocks rise to record level

25 juni 2015 

LONDON, June 25 (Reuters) – ARA gasoil stocks independently held at the Amsterdam-Rotterdam-Antwerp hub climbed to a record high in the week to Thursday, boosted by strong imports and lower European demand, Dutch oil consultancy PJK International said.

Gasoil inventories hit 3.224 million tonnes, up 6 percent week-on-week. “The contango is attracting product from the U.S. and the Baltics, and there is less than average demand along the Rhine and in the hinterland markets because the tanks are already quite full,” PJK’s Patrick Kulsen said.

Contango describes a market structure that allows traders to store products with the aim of selling them at a higher price for future delivery.

Gasoline stocks rose to 881,000 tonnes and naphtha rose to 281,000 tonnes. “There was a big build at a terminal that uses naphtha for gasoline blending,” Kulsen said.

Jet fuel inventories also rose, to 627,000 tonnes, as Middle Eastern refiners continued to export their jet fuel surplus to Europe.

Weekly ARA stocks (in ‘000 tonnes)

25/06/2015 18/06/2015 26/06/2014
Gasoline 881 862 761
Naphtha 281 237 215
Gasoil 3,224 3,031 2,374
Fuel oil 953 1,151 716
Jet fuel 627 581 387

 

Incoming cargoes Outgoing cargoes
Gasoline Cuba, France, Germany, Italy, Russia, Sweden, Turkey, USA Algeria, Latin America, UK, US
Naphtha Latin America, Portugal, Russia None
Gasoil Latvia, Nigeria, Russia, Spain, USA None
Fuel oil Brazil, France, Germany, Lithuania, Russia, UK VLCC exp. Departure June 23 destination Singapore
Jet fuel Kuwait, Saudi Arabia None

 

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

ARA gasoline stocks rise amid strong exports

18 juni 2015 

LONDON, June 18 (Reuters) – Gasoline stocks independently held in the Amsterdam-Rotterdam-Antwerp hub rose by 5 percent to 862,000 tonnes in the week to Thursday amid strong overseas demand, Dutch-based oil consultancy PJK International said.

Total product stocks in the region rose to a new record high at 5.86 million tonnes.

European refineries have ramped up gasoline production in recent months due to multi-year-high profit margins on the back of unusually strong global demand for gasoline prompted by the drop in oil prices.

“There is lots of export activity,” PJK’s Patrick Kulsen said.

“Big tankers are going out and barges are coming in from refineries in Europe to Amsterdam and loaded on tankers.”

Gasoil stocks were little changed at 3.03 million tonnes.

Weekly ARA stocks (in ‘000 tonnes)

18/06/2015 11/06/2015 19/06/2014
Gasoline 862 821 842
Naphtha 237 276 207
Gasoil 3,031 3,015 2,153
Fuel oil 1,151 1,123 722
Jet fuel 581 610 378

 

Incoming cargoes Outgoing cargoes
Gasoline Denmark, Russia, UK Canada, USA, WAF
Naphtha Germany, Russia None
Gasoil France, Latvia, Saudi Arabia, USA Argentina, UK
Fuel oil Brazil, Estonia, France, Germany, Lithuania, Poland, Russia  VLCC exp. Departure June 23 destination Singapore
Jet fuel Bahrain, UAE None

 

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

Weekly ARA product stocks hit record high

11 juni 2015 

LONDON, June 11 (Reuters) – Oil product stocks held in independent storage at Europe’s Amsterdam-Rotterdam-Antwerp hub rose 5 percent in the week to Thursday to hit a record high, data from Dutch oil consultant PJK International showed.

Stocks of all oil products apart from jet fuel rose, bringing the total to 5.845 million tonnes, the highest level since PJK began tracking them in 1995.

PJK’s Patrick Kulsen said the growth came on the back of high refinery production in Europe and as a result of the use of these storage terminals to amass enough product to export to other regions.

“You have all these fuels all over coming into ARA … and going out of Europe,” Kulsen said.

Gasoline, which rose 9 percent to 821,000 tonnes, is unlikely to stay in tank for long, Kulsen said, as the current market prices are higher than those in the future – a structure known as backwardation.

Fuel oil stocks were nearly 60 percent higher than the same week in 2014 due to the drop off in European consumption in bunker fuels and to the large vessels that are waiting to load for Asia.

Gasoil stocks rose by 4 percent to 3.015 million tonnes, a number that Kulsen said could rise further if the contango on that market deepens. Gasoil stocks alone reached a high of 3.146 million tonnes in February of this year.

“There is a slight contango, so it should go up or stay at high levels,” Kulsen said.

Weekly ARA stocks (in ‘000 tonnes)

11/06/2015 04/06/2015 12/06/2014
Gasoline 821 751 885
Naphtha 276 252 175
Gasoil 3,015 2,889 2,101
Fuel oil 1,123 1,019 704
Jet fuel 610 642 399

 

Incoming cargoes Outgoing cargoes
Gasoline France, Latvia, Russia, Sweden, UK Brazil, China, Greece, Israel, Saudi Arabia, Singapore, UK, WAF for orders
Naphtha Germany, Italy, Russia None
Gasoil Latvia, India, UK Argentina, UK
Fuel oil Estonia, France, Poland, Russia 1 VLCC ETD 12/6 part cargo, 1 VLCC ETA 14/6, ETD 21/6 full cargo to Singapore
Jet fuel None None

 

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

Weekly ARA gasoline stocks fall 5%

4 juni 2015 

LONDON, June 4 (Reuters) – ARA gasoline stocks held in independent storage at Europe’s Amsterdam-Rotterdam-Antwerp hub fell 5 percent in the week to Thursday, data from Dutch oil consultant PJK International showed.

Gasoline stocks fell 37,000 tonnes to 751,000 tonnes, largely due to increased exports.

“We saw strong export volumes going to West Africa and Mexico,” said PJK’s Patrick Kulsen.

Naphtha stocks rose 20 percent to 252,000 tonnes due to large imports from Poland and Germany.

Gasoil stocks were little changed at 2.889 million tonnes, a rise of less than one percent.

“There were slightly lower volumes going up the Rhine,” said Kulsen.

 

Weekly ARA stocks (in ‘000 tonnes)

04/06/2015 28/05/2015 05/06/2014
Gasoline 751 788 984
Naphtha 252 202 162
Gasoil 2,889 2,876 2,096
Fuel oil 1,019 960 713
Jet fuel 642 716 389

 

Incoming cargoes Outgoing cargoes
Gasoline Germany, Russia, Spain, UK Denmark, Mexico, UK, WAF
Naphtha Germany, Poland None
Gasoil Latvia, Sweden, Russia Argentina
Fuel oil Brazil, France, Lithuania, Poland, Russia One VLCC arrived May 30, estimated to depart June 5 for Singapore
Jet fuel Kuwait None

 

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

ARA gasoline stocks jump more than 15%

28 mei 2015 

LONDON, May 28 (Reuters) – ARA gasoline stocks held in independent storage at Europe’s Amsterdam-Rotterdam-Antwerp hub jumped more than 15 percent in the week to Thursday, data from Dutch oil consultant PJK International showed.

Gasoline stocks rose to 788,000 tonnes, largely because of a slowdown in exports, said PJK’s Patrick Kulsen.

Gasoil stocks fell by 105,000 tonnes to 2.876 million tonnes due to increased exports to the Mediterranean and good demand in Europe.

“Demand up the Rhine is healthy,” said Kulsen.

Weekly ARA stocks (in ‘000 tonnes)

28/05/2015 21/05/2015 30/05/2014
Gasoline 788 681 969
Naphtha 202 215 131
Gasoil 2,876 2,981 1,841
Fuel oil 960 853 594
Jet fuel 716 720 352

 

Incoming cargoes Outgoing cargoes
Gasoline Denmark, Latvia, Nigeria, UK Brazil, Canada, Mexico, Saudia Arabia, USA, UK
Naphtha France, Germany, Lithuania, Norway, Russia, Sweden None
Gasoil Russia, Saudi Arabia, USA Algeria, Latin America
Fuel oil Brazil, France, Lithuania, Poland, Russia, UK None
Jet fuel Kuwait None

 

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

ARA gasoil stocks up 9.5%

21 mei 2015 

LONDON, May 21 (Reuters) – Gasoil stocks held in independent storage at Europe’s Amsterdam-Rotterdam-Antwerp hub rose by 9.5 percent in the week to Thursday, data from Dutch oil consultant PJK International showed.

Gasoil stocks rose to 2.981 million tonnes, boosted by imports from the Middle East, the United States and the Baltics, said PJK.

Meanwhile, gasoline stocks in the region fell 10.5 percent to 681,000 tonnes due to exports to West Africa, Latin America and North America.

Weekly ARA stocks (in ‘000 tonnes)

22/05/2015 15/05/2015 22/05/2014
Gasoline 681 761 1,038
Naphtha 215 224 140
Gasoil 2,981 2,722 1,734
Fuel oil 853 849 758
Jet fuel 720 732 355

 

Incoming cargoes Outgoing cargoes
Gasoline Latvia, Russsia, Sweden, UK Canada, Latin America, UK, USA, West Africa
Naphtha Germany, Lithuania, Russia, UK None
Gasoil Denmark, Latvia, Russia, Saudi Arabia, Sweden, UK, USA UK
Fuel oil Brazil, France, Germany, Russia, UK One VLCC departed May 17 bound for Singapore
Jet fuel Kuwait None

 

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

Weekly ARA jet fuel stocks up 22 pct

15 mei 2015 

LONDON, May 15 (Reuters) – ARA Jet fuel stocks held in independent storage at Europe’s Amsterdam-Rotterdam-Antwerp hub rose by 22 percent in the week to Friday, data from Dutch oil consultant PJK International showed.

Jet fuel stocks rose to 732,000 tonnes, boosted by imports from Kuwait and Saudi Arabia, Patrick Kulsen said.

New refineries such as Satorp in Jubail and Yasref in Yanbu are ramping up and sending more cargoes of jet fuel to Europe as it is not needed locally.

Gasoline stocks dipped slightly to 761,000 tonnes due to exports to West Africa and North America, whilst naphtha stocks declined to 224,000 tonnes on the back of demand from gasoline blenders and petrochemical buyers.

Weekly ARA stocks (in ‘000 tonnes)

 

15/05/2015 07/05/2015 15/05/2014
Gasoline 761 786 972
Naphtha 224 249 147
Gasoil 2,722 2,713 1,663
Fuel oil 849 865 667
Jet fuel 732 597 356

 

Incoming cargoes Outgoing cargoes
Gasoline Russia, UK Mexico, Togo, USA
Naphtha Finland, Russia, USA None
Gasoil Germany, Latvia, Russia, USA Algeria, France, Med
Fuel oil Brazil, Finland, France, Lithuania, Russia One VLCC planned to depart for Singapore on May 16
Jet fuel Kuwait, Saudi Arabia None

 

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

Weekly ARA gasoline stocks rise 13%

7 mei 2015 

LONDON, May 7 (Reuters) – ARA gasoline stocks held in independent storage at Europe’s Antwerp-Rotterdam-Amsterdam hub rose 13 percent in the week to Thursday, Dutch consultant PJK International said.

Gasoline stocks were at 786,000 tonnes, while naphtha stocks rose seven percent to 249,000 tonnes.

“Gasoline and naphtha both rose due to imports from the Baltics and Canada,” said PJK’s Patrick Kulsen.

“There was also a lot of production from refineries in ARA,” he said.

Gasoil stocks remained stable, rising 1.7 percent to 2.713 million tonnes, significantly higher than a year earlier, due to imports from the Baltics and the United States, PJK said.

Barge loading was disrupted on the Rhine due to high water levels, said Kulsen. “Everything is being stalled due to the ships that are stuck,” he said.

 

Weekly ARA stocks (in ‘000 tonnes)

 

07/05/2015 30/04/2015 08/05/2014
Gasoline 786 695 992
Naphtha 249 233 132
Gasoil 2,713 2,667 1,619
Fuel oil 865 743 671
Jet fuel 597 632 382

 

Incoming cargoes Outgoing cargoes
Gasoline Canada, Estonia, France Brazil, France, Mexico, West Africa
Naphtha Poland, Portugal, Russia, Sweden None
Gasoil Latvia, Russia, USA, Britain, US Britain
Fuel oil Brazil, France, Lithuania, Britain One VLCC planned to depart for Singapore on May 8
Jet fuel None None

 

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

Weekly ARA gasoline drop to lowest since Jan. 15

30 april 2015 

LONDON, April 30 (Reuters) – ARA gasoline stocks held in independent storage at Europe’s Antwerp-Rotterdam-Amsterdam hub dropped in the week to Thursday to their lowest level since January 15 at 695,000 tonnes, Dutch consultant PJK International said.

Strong demand from West Africa, the Middle East and the U.S. East Coast has supported gasoline refining margins in the region while seasonal refinery maintenance further limited supplies.

Gasoil stocks remained stable, slightly rising to 2.667 million tonnes, significantly higher than a year earlier, according to PJK.

Weekly ARA stocks (in ‘000 tonnes)

 

30/04/2015 23/04/2015 01/05/2014
Gasoline 695 894 994
Naphtha 233 187 76
Gasoil 2,667 2,634 1,645
Fuel oil 743 1,157 716
Jet fuel 632 639 365

 

Incoming cargoes Outgoing cargoes
Gasoline Denmark, Lativa, Russia, UK Middle East, Mexico, US
Naphtha Denmark, Poland, Portugal, Russia None
Gasoil Latvia, Russia, USA Germany
Fuel oil France, Germany, Lithuania, Russia, UK One VLCC planned to depart for Singapore on May 5 with part cargo
Jet fuel Saudi Arabia, UAE None

 

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

Weekly ARA gasoline stocks fall 4.6 percent

24 april 2015 

LONDON, April 23 (Reuters) – ARA gasoline stocks held in independent storage at Europe’s Antwerp-Rotterdam-Amsterdam hub fell by 4.6 percent this week to 894,000 tonnes as several cargoes departed for Latin America and West Africa, Dutch consultant PJK International said.

Naphtha inventories slipped by 14.6 percent to 187,000 tonnes, as some naphtha went into the gasoline pool for blending. Gasoline’s premium over naphtha is currently quite wide, at about $120 a tonne, so blending should be profitable.

Gasoil stocks slipped slightly to 2.634 million tonnes. “There was solid diesel demand along the Rhine to the hinterland markets of Germany and Switzerland,” Patrick Kulsen from PJK said.
Fuel oil inventories were boosted by stockpiling ahead of the departure of two very large crude carries (VLCCs) to Singapore next week.

Jet fuel stocks also rose, to 639,000 tonnes, boosted by imports from the Middle East, and a contango structure in the swaps market. This is encouraging traders to store jet fuel with the aim of selling it at a higher price for delivery at a future date.

 

Weekly ARA stocks (in ‘000 tonnes)

23/04/2015 16/04/2015 24/04/2014
Gasoline 894 937 1,110
Naphtha 187 219 77
Gasoil 2,634 2,665 1,541
Fuel oil 1,157 976 631
Jet fuel 639 617 382

 

Incoming cargoes Outgoing cargoes
Gasoline Estonia, Norway, Poland, Russia, Britain, Spain Latin America, Britain, West Africa
Naphtha Norway, Portugal, Russia None
Gasoil Finland, Qatar, Russia,USA None
Fuel oil France, Germany, Poland, Russia, Britain Two VLCCs, one part cargo departing April 26; one full cargo departing April 25
Jet fuel U.A.E. None

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

ARA gasoline stocks fall 10.6 percent on high demand

17 april 2015 

LONDON, April 16 (Reuters) – ARA gasoline stocks held in independent storage at Europe’s Antwerp-Rotterdam-Amsterdam hub fell 10.6 percent this week as export demand drew cargoes out of the region, according to Dutch-based PJK International.

“With gasoline we saw large export volumes for West Africa and the U.S.,” said PJK’s Patrick Kulsen, adding that naphtha also fell as a result of demand for blending with gasoline and as a petrochemical feedstock.

Gasoil stocks rose about 1 percent in the ARA hub due to reduced demand, said Kulsen.

“There’s not so much hinterland demand because the heating oil season is almost over,” he said.

Weekly ARA stocks (in ‘000 tonnes)

16/04/2015 09/04/2015 17/04/2014
Gasoline 937 1,049 991
Naphtha 219 247 75
Gasoil 2,665 2,638 1,573
Fuel oil 976 1,095 516
Jet fuel 617 531 430

 

Incoming cargoes Outgoing cargoes
Gasoline Denmark, Russia, Britain, France U.S., West Africa for orders
Naphtha Algeria, Germany,Nigeria, Russia None
Gasoil Latvia, Latin America, Norway, Russia None
Fuel oil France, Finland, Germany, Poland, Russia, Britain Two VLCCs planned for departure on 15th and 22nd April for Singapore
Jet fuel U.A.E. None

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

ARA gasoline and naphtha stocks fall on high demand

10 april 2015 

LONDON, April 9 (Reuters) – ARA Gasoline and naphtha stocks held in independent storage at Europe’s Antwerp-Rotterdam-Amsterdam hub fell this week as buoyant export demand drew cargoes out of the region, according to Dutch-based PJK International.

“There is much demand for gasoline in West Africa and the U.S.,” said PJK’s Patrick Kulsen, adding that naphtha was also “quite busy” as a result of demand for blending with gasoline.
Gasoil stocks also fell to 2.6 million tonnes, their lowest level since late 2014, as backwardation encouraged sellers to offer from storage.

Only stocks of fuel oil rose, which Kulsen said was partly down to contango in that market and backwardation on gasoline, naphtha and distillates. Backwardation is the market structure in which prompt prices are below future levels, making storing unprofitable.

09/04/2015 02/04/2015 10/04/2014
Gasoline 1,049 1,083 1,124
Naphtha 247 253 129
Gasoil 2,638 2,816 1,412
Fuel oil 1,095 819 568
Jet fuel 531 584 418

 

Incoming cargoes Outgoing cargoes
Gasoline Latvia, India, Portugal, Russia Algeria, Mexico, Togo, U.S.
Naphtha Italy, Russia None
Gasoil ILatvia, Sweden, U.S. Far East
Fuel oil Brazil, Estonia, France, Russia, Britain no VLCCs
Jet fuel U.A.E. None

 

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

ARA gasoline stocks rise to one-year high

2 april 2015 

LONDON, April 2 (Reuters) – ARA Gasoline stocks held in independent storage at Europe’s Antwerp-Rotterdam-Amsterdam hub rose to a one-year high of 1.083 million tonnes in the week to Thursday, data from Dutch-based PJK International showed.

“This week, we didn’t see any (gasoline) exports to West Africa and also not much going to the U.S. That was probably the reason for the build,” said PJK’s Patrick Kulsen.

Gasoil stocks were little changed, declining slightly to 2.816 million tonnes from 2.92 million tonnes a week earlier, the data showed.

02/04/2015 26/03/2015 03/04/2014
Gasoline 1,083 1,009 1,103
Naphtha 253 284 157
Gasoil 2,816 2,922 1,632
Fuel oil 819 934 593
Jet fuel 584 489 396

 

Incoming cargoes           Outgoing cargoes
Gasoline Germany, Poland, Russia, Sweden, UK Gibraltar, Singapore, UK, US
Naphtha Lithuania, Russia, None
Gasoil India, Latvia, Qatar, Russia, Sweden, US Algeria, Suez for orders
Fuel oil Brazil, France, Finland, Germany, Lithuania, Russia, UK 2 VLCCs  being loaded for export to Singapore, expected to depart April 1 and April 2
Jet fuel UAE None

ARA gasoline stocks rise to seven-week high

26 maart 2015 

LONDON, March 26 (Reuters) – ARA Gasoline stocks held in independent storage at Europe’s Antwerp-Rotterdam-Amsterdam hub rose to a 7-week high of 1.009 million tonnes in the week to Thursday, data from Dutch-based PJK International showed.

Gasoil stocks were little changed, declining slightly to 2.922 million tonnes from 2.961 million tonnes a week earlier, the data showed.

26/03/2015 19/03/2015 27/03/2014
Gasoline 1,009 970 1,137
Naphtha 284 239 189
Gasoil 2,922 2,961 1,744
Fuel oil 934 1,123 488
Jet fuel 489 441 463

 

Incoming cargoes Outgoing cargoes
Gasoline Germany, Russia, Senegal, Spain, Sweden, UK Algeria, Brazil, Canada, Latin America, Nigeria, Togo, US
Naphtha Latvia, Russia Med for orders
Gasoil India, Norway, Russia, UK
Fuel oil Estonia, France, Germany, Lithuania, Russia Two VLCCs for Singapore for Mar. 28 departure
Jet fuel India, Saudi Arabia, UAE None

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

ARA Gasoline stocks rose 7.2% on week

19 maart 2015 

LONDON, March 19 (Reuters) – ARA Gasoline stocks held in independent storage at Europe’s Antwerp-Rotterdam-Amsterdam hub rose 7.2 percent to 970,000 tonnes in the week to Thursday, data from Netherlands-based PJK International showed.

Gasoil stocks rose 3.8 percent to 2.961 million tonnes, after a drop of 8 percent in the previous week.

“It’s a little bit surprising that gasoil stocks have gone up. We saw a lot coming in from the Baltics and also from the U.S.,” said PJK’s Patrick Kulsen.

Two large cargoes of fuel oil bound for Singapore also added to the stock of fuel oil in the ARA hub, added Kulsen.

“It’s very, very busy in the fuel oil market,” he said.

Weekly ARA stocks (in ‘000 tonnes)

19/03/2015 12/03/2015 20/03/2014
Gasoline 970 905 1,204
Naphtha 239 246 183
Gasoil 2,961 2,852 1,765
Fuel oil 1,123 912 603
Jet fuel 441 519 487

 

Incoming cargoes Outgoing cargoes
Gasoline UK Nigeria, Mexico
Naphtha Germany, Poland, Russia none
Gasoil India, Latvia, Sweden, US North Sea for orders
Fuel oil Russia, Germany One VLCC for Singapore, departing on 21 March. One VLCC expected to arive in ARA today.
Jet fuel India, South Korea none

 

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

ARA gasoil stocks fell 8.2 pct on week

12 maart 2015 

LONDON, March 12 (Reuters) – Gasoil stocks held in independent storage at Europe’s Antwerp-Rotterdam-Amsterdam (ARA) hub fell 8.2 percent to 2.852 million tonnes in the week to Thursday, data from Netherlands-based PJK International showed. Gasoline stocks rose 3.4 percent to 905,000 tonnes.

Weekly ARA stocks (in ‘000 tonnes)

12/03/2015 05/03/2015 13/03/2014
Gasoline 905 875 1,100
Naphtha 246 264 108
Gasoil 2,852 3,107 1,849
Fuel oil 912 627 575
Jet fuel 519 527 377

 

Incoming cargoes  Outgoing cargoes
Gasoline Estonia, Finland, France, Russia, UK, Spain, Sweden Brazil, Mexico, Singapore, UK, USA, WAF
Naphtha Algeria, Finland, Germany, Russia None
Gasoil Latvia, India, Russia UK
Fuel oil Russia None
Jet fuel India, South Korea, USA None

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

Weekly ARA naphtha stocks up 33 pct

5 maart 2015 

LONDON, March 5 (Reuters) – Naphtha stocks held in independent storage at Europe’s Antwerp-Rotterdam-Amsterdam (ARA) hub jumped 33 percent in the week to Thursday, data from Netherlands-based PJK International showed.

Naphtha inventories were boosted by cargoes arriving from France and Russia, as well as additions from within the ARA hub itself, oil consultant Patrick Kulsen said.

Gasoline, gasoil, fuel oil and jet fuel stockpiles all edged lower, suggesting that recent stockbuilding had come to an end. “There was less activity this week,” Kulsen said.

With most refined products now in backwardation, there is no longer an incentive for traders to build inventories with the aim of selling products at a higher price at a future date.

Backwardation describes a market structure where prompt market prices are higher than those for future delivery.

05/03/2015    26/02/2015  06/03/2014
Gasoline 875 881 989
Naphtha 264 198 94
Gasoil 3,107 3,114 1,901
Fuel oil 627 632 672
Jet fuel 527 543 443

 

Incoming cargoes           Outgoing cargoes
Gasoline Norway, UK Mexico, Togo
Naphtha France, Russia None
Gasoil Lithuania, Russia, United States None
Fuel oil France, Russia, United States 1 VLCC to Singapore
Jet fuel Russia None

04-03-14: ARA Tank Storage Market – Fuel Oil flows

4 maart 2014 

The tank terminal market for storing oil products boomed from 2008 till 2011 but has undergone some major changes in recent years. Current signs are that the hey-days are over and that the market is normalizing. However, looking at expected changes in global fundamentals the tank terminal market is up for a rough ride indeed.

Lees Meer

ARA gasoline stocks rise 7.4 pct

26 februari 2015 

LONDON, Feb 26 (Reuters) – ARA gasoline stocks held in independent storage at Europe’s Antwerp-Rotterdam-Amsterdam hub rose 7.4 percent to 881,000 tonnes in the week to Thursday, data from Dutch-based PJK International showed.

ARA gasoil stocks slightly fell to 3.114 million tonnes from the record high hit last week due in part to a rare arbitrage to the U.S. Atlantic Coast, where freezing weather has increased demand.

26/02/2015 19/02/2015 27/02/2014
Gasoline 881 820 888
Naphtha 198 211 81
Gasoil  3,114 3,146 1,988
Fuel oil 632 1,009  607
Jet fuel 543 554 409

 

Incoming cargoes           Outgoing cargoes
Gasoline Estonia, Germany, Latvia,  Russia, UK Brazil, Mexico, Suez for orders, WAF
Naphtha France, Portugal, Russia None
Gasoil Russia, USA UK, US Atlantic Coast
Fuel oil France, Germany, Russia 3 VLCCs loading for Singapore
Jet fuel India, South Korea None

 

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

06-03-14: ARA gasoline stocks rise 11% on week

6 maart 2014 

LONDON, March 6 (Reuters) – Gasoline stocks at Europe’s Amsterdam-Rotterdam-Antwerp storage hub rose about 11 percent to 989,000 tonnes in the week to Thursday, data from Dutch oil consultant Pieter Kulsen showed.

Lees Meer

04-03-14: ARA Tank Storage Market – Fuel Oil flows

4 maart 2015 

The tank terminal market for storing oil products boomed from 2008 till 2011 but has undergone some major changes in recent years. Current signs are that the hey-days are over and that the market is normalizing. However, looking at expected changes in global fundamentals the tank terminal market is up for a rough ride indeed.

Lees Meer

19-02-2015 ARA gasoil stocks hit new record high

19 februari 2015 

LONDON, Feb 19 (Reuters) – Gasoil stocks held in independent storage at Europe’s Antwerp-Rotterdam-Amsterdam hub rose to a new record high of 3.15 million tonnes in the week to Thursday, data from Dutch-based PJK International showed.

The fifth consecutive week of gains in gasoil stocks is due to strong imports from the Baltic Sea, PJK analyst Patrick Kulsen said.

This is the highest level since records started in 2003, according to Reuters data.
“We can see builds in multiple terminals,” he said.

Demand along the Rhine river has been weaker because stocks are sufficient, he said.

Low water levels have also meant barges can load at around 60 percent of capacity.

Gasoline stocks were little changed at 820,000 tonnes, according to the data.

Weekly ARA stocks (in ‘000 tonnes)

19/02/2015 12/02/2015 20/02/2014
Gasoline 820 811 696
Naphtha 211 174 112
Gasoil 3,146 3,065 73
Fuel oil 1,009 1,113 813
Jet fuel 554 562 417
Incoming cargoes Outgoing cargoes
Gasoline Estonia, France, Germany, Latvia, Russia, Sweden, UK East of Suez, WAF, USA
Naphtha Angola, France, Portugal, Russia, Spain, UK None
Gasoil Estonia, India, Norway, Russia USAC
Fuel oil France, Poland, Russia, UK 2 VLCCs part cargo ETAFeb. 19 destination Singapore
Jet fuel India, Qatar, South Korea None

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

12-02-2015 Weekly ARA gasoil stocks at 16-year high

12 februari 2015 

LONDON, Feb 12 (Reuters) – Gasoil stocks held in independent storage at Europe’s Antwerp-Rotterdam-Amsterdam hub rose to a 16-year high of 3.065 million tonnes in the week to Thursday, data from Dutch-based PJK International showed.

Stockpiling by traders to take advantage of a contango market structure – which has now been eroded – and imports from outside the region have pushed gasoil inventories to their highest level since March 1999, consultant Patrick Kulsen said.

He added that some market participants may have stocked up ahead of seasonal maintenance lasting two months at the Miro refinery in Karlsruhe, Germany.

Gasoline stocks fell 22 percent to 811,000 tonnes, as large numbers of cargoes departed for the United States, West Africa and Latin America.

Weekly ARA stocks (in ‘000 tonnes)

12/02/2015 05/02/2015 13/02/2014
Gasoline 811 1,047 971
Naphtha 174 182 114
Gasoil 3,065 3,004 1,965
Fuel oil 1,113 979 832
Jet fuel 562 587 430

 

Incoming cargoes Outgoing cargoes
Gasoline Latvia LATAM, East of Suez, US, WAF
Naphtha Russia None
Gasoil Latvia, Qatar, Russia, Saudi Arabia, Sweden US South Africa, USAC
Fuel oil Brazil, Estonia, France, Germany, Polan, Russia, US 2 VLCC loading for Singapore
Jet fuel India, Qatar None

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

05-02-2015 ARA gasoline stocks rise on contango

5 februari 2015 

LONDON, Feb 5 (Reuters) – Gasoline and gasoil stocks independently held at Europe’s Antwerp-Rotterdam-Amsterdam (ARA) hub edged up in the week to Thursday, data from Dutch-based PJK International showed.

Gasoline stocks rose to 1.047 million tonnes from 959,000 tonnes a week earlier, while gasoil inventories rose to 3.004 million tonnes from 2.945 million.

A contango structure in gasoline, where prompt prices are lower than future quotes, has incentivised storage, PJK analyst Pieter Kulsen said.

A contango in the gasoil prices to the end of the year also supported storage, while inland demand along the Rhine river due to cold weather supported prompt demand, Kulsen said.

Weekly ARA stocks (in ‘000 tonnes)

05/02/2015  29/01/2015 06/02/2014 
 Gasoline 1,047 959 1,046
Naphtha 182 202 153
Gasoil 3,004 2,945 2,045
Fuel oil 979 876 821
Jet fuel 587 564 441

 

Incoming cargoes Outgoing cargoes
Gasoline Denmark, Finland, Sweden, UK Canada, Latin America, WAF for orders, USA
Naphtha Russia, UK cif NWE
Gasoil Lithuania, Poland, Russia, USA France, UK
Fuel oil Brazil, France, Germany, Norway, Poland, USA VLCC expected toarrive Feb. 11 and load for Singapore
Jet fuel South Korea, India France

 

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.

22-01-15 ARA gasoil stocks, highest since May 2011

22 januari 2015 

LONDON, Jan 22 (Reuters) – Gasoil stocks held in independent storage at Europe’s Antwerp-Rotterdam-Amsterdam hub rose by 7 percent in the week to Thursday to 2.921 million tonnes, data from Dutch-based PJK International showed.

Lees Meer

09-01-15 ARA gasoline stocks fall 18 pct on week

9 januari 2015 

LONDON, Jan 8 (Reuters) – Gasoline stocks independently held at Europe’s Antwerp-Rotterdam-Amsterdam hub fell by 18.3 percent to 730,000 tonnes in the week to Thursday, data from Dutch-based PJK International showed.

Lees Meer

31-12-14 ARA stocks rise to 3-1/2 yr high

31 december 2014 

LONDON, Dec 31 (Reuters) – Oil product stocks in Europe reached their highest in more than 3-1/2 years last week, data from Dutch-based PJK International showed on Wednesday, as a price contango in the market makes storage of fuel profitable.

Lees Meer

24-12-14 ARA gasoline stocks rise to 4-month high

24 december 2014 

LONDON, Dec 24 (Reuters) – Weekly gasoline stocks at Europe’s ARA hub rose 8.3 percent to a five month high of 819,000 tonnes from 756,000 tonnes last week, data from PJK International showed on Wednesday.

Lees Meer

18-12-14 ARA gasoline stocks rise to 4-month high

18 december 2014 

LONDON, Dec 18 (Reuters) – Gasoline stocks at Europe’s ARA hub rose by 10.5 percent to 756,000 tonnes in the week to Thursday, their highest level since late August, according to Dutch oil analyst PJK International.

Lees Meer

11-12-14 Weekly ARA gasoline stocks rise 18%

11 december 2014 

LONDON, Dec 11 (Reuters) – Gasoline stocks at Europe’s Amsterdam-Rotterdam-Antwerp hub rose by 18 percent to 684,000 tonnes in the week to Thursday, according to Dutch oil analyst PJK International.

Lees Meer

04-12-14 ARA gasoline stocks rise by a third

11 december 2014 

LONDON, Dec 4 (Reuters) – Gasoline stocks at Europe’s Amsterdam-Rotterdam-Antwerp hub rose by a third to 579,000 tonnes in the week to Thursday, according to Dutch oil analyst PJK International.

Lees Meer

27-11-14 ARA gasoline stocks to lowest since 2011

27 november 2014 

LONDON, Nov 27 (Reuters) – Gasoline stocks at Europe’s Amsterdam-Rotterdam-Antwerp hub fell 10.4 percent in the week to Thursday to 431,000 tonnes, their lowest since September 2011, according to Dutch oil analyst PJK International.

Lees Meer

20-11-14 Weekly gasoil stocks drop 6.9pct

20 november 2014 

LONDON, Nov 20 (Reuters) – Gasoil stocks at Europe’s Amsterdam-Rotterdam-Antwerp hub fell 6.9 percent to 2.472 million tonnes in the week to Thursday, according to Dutch oil analyst PJK International.

Lees Meer

13-11-14 Weekly gasoline stocks drop 4.9pct

13 november 2014 

LONDON, Nov 13 (Reuters) – Gasoline stocks at Europe’s Amsterdam-Rotterdam-Antwerp oil hub fell 4.9 percent to 502,000 tonnes in the week to Thursday, oil consultancy PJK International said.

Lees Meer

06-11-14 Weekly gasoline stocks rise 3.7pct

13 november 2014 

LONDON, Nov 6, (Reuters) – Gasoline stocks at Europe’s Amsterdam-Rotterdam-Antwerp oil hub rose 3.7 percent to 528,000 tonnes this week, according to oil analyst Patrick Kulsen.

Lees Meer

ARA gasoline stocks hit three-year low

23 oktober 2014 

LONDON, Oct 16 (Reuters) – Gasoline stocks at Europe’s Amsterdam-Rotterdam-Antwerp hub fell to a three-year low this week of 490,000 tonnes, according to data from Dutch-based oil consultancy PJK International.

Lees Meer

23-10-14 Weekly ARA gasoil stocks drop 4.2pct

23 oktober 2014 

LONDON, Oct 23 (Reuters) – Gasoil stocks at Europe’s Amsterdam-Rotterdam-Antwerp hub dropped 4.2 percent in the week to Thursday to a six-week low of 2.687 million tonnes, data from Dutch-based oil consultancy PJK International showed.

Lees Meer

ARA gasoil, gasoline stocks decline

16 oktober 2014 

LONDON, Oct 9 (Reuters) – Gasoil stocks at Europe’s Amsterdam-Rotterdam-Antwerp hub dropped 2.75 percent in the week to Thursday to 2.788 million tonnes, according to data from Dutch-based oil consultancy PJK International.

Lees Meer

2-10-2014: ARA oil products stocks rose w-o-w

2 oktober 2014 

London, 2 October (Argus) Stocks of products independently stored in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub in northwest Europe rose for the week, with the build in naphtha leading the gain.

Lees Meer

2-10-2014: Weekly ARA gasoil stocks up 5 pct

1 oktober 2014 

LONDON, Oct 2 (Reuters) – Gasoil stocks independently held at Europe’s Amsterdam-Rotterdam-Antwerp hub rose 4.8 percent in the week to Thursday

Lees Meer

25-9-2014: ARA gasoline stocks rise, gasoil steady

25 september 2014 

LONDON, Sept 25 (Reuters) – Gasoline stocks at Europe’s Amsterdam-Rotterdam-Antwerp hub rose 7.9 percent in the week to Thursday to 644,000 tonnes, according to data from Dutch-based oil consultancy PJK International.

Lees Meer

04-9-2014 ARA gasoil stocks at highest since 2011

12 september 2014 

LONDON, Sept 4 (Reuters) – Gasoil stocks independently held at Europe’s Amsterdam-Rotterdam-Antwerp climbed to their highest level since June 2011, data from Dutch oil analyst Patrick Kulsen showed on Thursday.

Lees Meer

11-9-2014: Weekly ARA gasoline stocks to 2014 low

11 september 2014 

LONDON, Sept 11 (Reuters) – Gasoline stocks independently held at Europe’s Amsterdam-Rotterdam-Antwerp hub hit their lowest level so far this year at 638,000 tonnes on Thursday

Lees Meer

28-08-2014 ARA Gasoline stocks up 4.6%

28 augustus 2014 

Londen (reuters) Gasoline stocks at Europe’s Amsterdam-Rotterdam-Antwerp oil hub rose to 811,000 tonnes, up 4.6 percent from the previous week, data from Dutch oil analyst Pieter Kulsen showed on Thursday.

Lees Meer

22-08-14 ARA gasoil stocks highest in 2 years

22 augustus 2014 

LONDON, Aug 21 (Reuters) – Gasoil stocks independently held at Europe’s Amsterdam-Rotterdam-Antwerp hub rose 1 percent to 2.741 million tonnes, the highest level since early February 2012, Dutch oil analyst Patrick Kulsen said on Thursday.

Lees Meer

07-08-14 ARA gasoline stocks rose 2%

15 augustus 2014 

LONDON, Aug 7 (Reuters) – Gasoline stocks at Europe’s Amsterdam-Antwerp-Rotterdam (ARA) hub rose 2 percent to 761,000 tonnes in the week to Thursday, data from oil analyst Patrick Kulsen showed.

Lees Meer

14-08-14 ARA gasoline stocks down 5%

14 augustus 2014 

LONDON, Aug 14 (Reuters) – Gasoline stocks at Europe’s Amsterdam-Antwerp-Rotterdam (ARA) hub fell 5 percent to 724,000 tonnes in the week to Thursday, data from oil analyst Patrick Kulsen showed.

Lees Meer

31-07-14 ARA gasoil stocks end 12-week rally

31 juli 2014 

LONDON, July 31 (Reuters) – Gasoil stocks independently held at Europe’s Amsterdam-Antwerp-Rotterdam (ARA) hub dropped by 3.3 percent in the week to Thursday, ending 12 straight weeks of gains, data from Dutch oil consultant Patrick Kulsen showed.

Lees Meer

24-07-14 Gasoil stocks rose to two-year high

24 juli 2014 

LONDON, July 24 (Reuters) – Gasoil stocks independently held at Europe’s Amsterdam-Antwerp-Rotterdam (ARA) hub rose 3.6 percent in the week to Thursday to their highest level since April 2012 at 2.724 million tonnes, data from Dutch oil consultant Patrick Kulsen showed.

Lees Meer

17-07-14: ARA gasoline stocks rise 3.8%

17 juli 2014 

LONDON, July 17 (Reuters) – Gasoline stocks independently held at Europe’s Amsterdam-Antwerp-Rotterdam (ARA) hub rose by 3.8 percent to 829,000 tonnes week-on-week, data from Dutch oil consultant Patrick Kulsen showed on Thursday.

Lees Meer

11th Oil Traders Summer School

15 juli 2014 

This week, the 11th Oil Traders Summer School organised by Confidence Capital will kick off. Our colleague Patrick Kulsen will act as one of the independent experts.

Lees Meer

03-07-14: ARA gasoline stocks rise by 16.5%

11 juli 2014 

LONDON, July 3 (Reuters) – Gasoline stocks held at Europe’s Amsterdam-Antwerp-Rotterdam (ARA) storage hub jumped by 16.5 percent to 887,000 tonnes week-on-week, data from Dutch oil analyst Patrick Kulsen showed.

Lees Meer

26-06-14: Weekly ARA gasoil stocks rise

26 juni 2014 

LONDON, June 26 (Reuters) – Gasoil stocks held at Europe’s Amsterdam-Antwerp-Rotterdam (ARA) storage hub rose 9.3 percent to 2.374 million tonnes, data from Dutch oil analyst Pieter Kulsen showed.

Lees Meer

19-06-14: ARA gasoline stocks fall nearly 5%

19 juni 2014 

LONDON, June 19 (Reuters) – Gasoline stocks held at Europe’s Amsterdam-Antwerp-Rotterdam (ARA) storage hub fell 4.86 percent to 842,000 tonnes in the week to Thursday, data from Dutch oil analyst Patrick Kulsen showed, amid large exports to Canada and West Africa.

Lees Meer

05-06-14: ARA gasoil stocks firmly

13 juni 2014 

LONDON, June 5 (Reuters) – Gasoil stocks held at Europe’s Amsterdam-Antwerp-Rotterdam (ARA) storage hub rose by 13.8 percent to 2.096 million tonnes in the week to Thursday, data from Dutch oil analyst Pieter Kulsen showed, with large volumes arriving in the region.

Lees Meer

10-07-14: Weekly ARA gasoline stocks down 10%

10 juni 2014 

LONDON, July 10 (Reuters) – Gasoline stocks independently held at Europe’s Amsterdam-Antwerp-Rotterdam (ARA) hub fell by 10 percent to 798,000 tonnes week-on-week, data from Dutch oil consultant Patrick Kulsen showed on Thursday.

Lees Meer

30-05-14: ARA gasoil stocks rise on week

30 mei 2014 

LONDON, May 30 (Reuters) – Gasoil stocks held at Europe’s Amsterdam-Antwerp-Rotterdam (ARA) storage hub rose by 6.1 percent to 1.841 million tonnes in the week to Thursday amid weak demand and plentiful cargo imports, data from Dutch oil analyst Pieter Kulsen showed.

Lees Meer

22-05-14: ARA gasoline, gasoil stocks rose w-o-w

22 mei 2014 

LONDON, May 22 (Reuters) – Gasoline stocks held at Europe’s Amsterdam-Antwerp-Rotterdam (ARA) storage hub rose almost 6.5 percent to 1.038 million tonnes in the week to Thursday, data from Dutch oil analyst Pieter Kulsen showed.

Lees Meer

15-05-14: Weekly naphtha stocks at record high

15 mei 2014 

LONDON, May 15 (Reuters) – Naphtha stocks independently held at Europe’s Amsterdam-Rotterdam-Antwerp (ARA) hub rose to a record high of 331,000 tonnes in the week, data from Dutch oil analyst Pieter Kulsen showed on Thursday.

Lees Meer

08-05-14: ARA gasoil stocks fell fractionally

15 mei 2014 

LONDON, May 8 (Reuters) – Gasoline stocks independently held at Europe’s Amsterdam-Rotterdam-Antwerp (ARA) hub fell 6 percent to 758,000 tonnes in the week to Thursday, data from Dutch oil analyst Patrick Kulsen showed.

Lees Meer

01-05-14: ARA gasoil stocks rise 7% on week

1 mei 2014 

LONDON, May 1 (Reuters) – Gasoline stocks independently held at Europe’s
Amsterdam-Rotterdam-Antwerp (ARA) hub fell 19 percent to 808,000 tonnes in the week to Thursday, data from Dutch oil analyst Patrick Kulsen showed.

Lees Meer

24-04-14: ARA gasoline stocks rise 7.9% on week

24 april 2014 

LONDON, April 24 (Reuters) – Gasoline stocks independently held at Europe’s Amsterdam-Rotterdam-Antwerp (ARA) hub rose 7.9 percent to 994,000 tonnes in the week to Thursday, data from Dutch oil analyst Patrick Kulsen showed.

Lees Meer

17-04-14: ARA gasoil stocks rise 11.4%

17 april 2014 

LONDON, April 17 (Reuters) – Gasoil stocks independently held at Europe’s Amsterdam-Rotterdam-Antwerp (ARA) hub rose 11.4 percent to 1.573 million tonnes in the week to Thursday, data from Dutch oil analyst Pieter Kulsen showed.

Lees Meer

10-04-14: ARA gasoil stocks fall to new 6-year low

10 april 2014 

LONDON, April 10 (Reuters) – Gasoil stocks independently held at Europe’s Amsterdam-Rotterdam-Antwerp storage hub fell to 1.412 million tonnes in the week to Thursday, their lowest level since July 2008, data from Dutch oil analyst Pieter Kulsen showed.

Lees Meer

03-04-14: Weekly ARA gasoil, gasoline stocks drop

3 april 2014 

LONDON, April 3 (Reuters) – Gasoil stocks independently held at Europe’s Amsterdam-Rotterdam-Antwerp (ARA) hub fell 6.4 percent in the week to Thursday to the lowest level since November 2008, data from Dutch oil consultant Pieter Kulsen showed.

Lees Meer

27-03-14: Gasoil stocks slip as demand increases

27 maart 2014 

LONDON, March 27 (Reuters) – Gasoil stocks independently held at Europe’s Amsterdam-Rotterdam-Antwerp (ARA) storage hub have fallen slightly week-on-week to 1.744 million tonnes, data from Dutch oil consultant Pieter Kulsen showed on Thursday.

Lees Meer

20-03-14: ARA gasoline stocks near six-year high

20 maart 2014 

LONDON, March 20 (Reuters) – Gasoline inventories independently held at Europe’s Amsterdam-Rotterdam-Antwerp (ARA) storage hub rose 3.3 percent to a near-six-year high in the week to Thursday, data from Dutch oil consultant Pieter Kulsen showed.

Lees Meer

18-03-14 ARA Tank Storage Market – Capacity

18 maart 2014 

The tank terminal market for storing oil products boomed from 2008 till 2011 but has undergone some major changes in recent years. Current signs are that the hey-days are over and that the market is normalizing. However, looking at expected changes in global fundamentals the tank terminal market is up for a rough ride indeed.

Lees Meer

13-03-14: ARA gasoline stocks rise to 6yr high

13 maart 2014 

LONDON, March 13 (Reuters) – Gasoline stocks independently held at the Amsterdam-Rotterdam-Antwerp (ARA) hub rose to their highest level in almost six years on Thursday, according to the latest data from Dutch oil consultant Pieter Kulsen.

Lees Meer

11-03-14: ARA Tank Storage Market – US Refineries

11 maart 2014 

The tank terminal market for storing oil products boomed from 2008 till 2011 but has undergone some major changes in recent years. Current signs are that the hey-days are over and that the market is normalizing. However, looking at expected changes in global fundamentals the tank terminal market is up for a rough ride indeed.

Lees Meer

28-02-14 ARA gasoline stocks rise 27.5% on week

28 februari 2014 

LONDON, Feb 27 (Reuters) – Gasoline stocks independently held at the Amsterdam-Rotterdam-Antwerp hub rose 27.5 percent to 888,000 tonnes in the week to Thursday as importers prepared to switch to summer grades of the fuel, data from Dutch oil consultant Pieter Kulsen showed.

Lees Meer

25-02-14: ARA Tank Storage Market – Refining

25 februari 2014 

The tank terminal market for storing oil products boomed from 2008 till 2011 but has undergone some major changes in recent years. Current signs are that the hey-days are over and that the market is normalizing. However, looking at expected changes in global fundamentals the tank terminal market is up for a rough ride indeed

Lees Meer

14-02-2014: ARA gasoline stocks fall by 7 pct

14 februari 2014 

LONDON, Feb 13 (Reuters) – Gasoline stocks independently held at the Amsterdam-Rotterdam-Antwerp hub fell 7.2 percent to 971,000 tonnes week-on-week, data from Dutch oil consultant Pieter Kulsen showed on Thursday.

Lees Meer

07-02-2014: ARA gasoil, gasoline stocks rise

7 februari 2014 

LONDON, Feb 6 (Reuters) – Gasoil stocks independently held at the Amsterdam-Rotterdam-Antwerp hub climbed to 2.045 million tonnes week-on-week, data from Dutch oil consultant Pieter Kulsen showed on Thursday, with a mild winter curbing seasonal demand for heating oil.

Lees Meer

31-01-2014: Weekly ARA gasoline stocks up 32 pct

31 januari 2014 

Gasoline stocks independently held at the Amsterdam-Rotterdam-Antwerp hub rose by 32 percent week-on-week to 991,000 tonnes.

Lees Meer

16-01-2014: Gasoil stocks independently held at Eu

16 januari 2014 

LONDON, Jan 16 (Reuters) – Gasoil stocks independently held at Europe’s Amsterdam-Rotterdam-Antwerp hub rose 5.8 percent this week to 1.953 million tonnes

Lees Meer

10-1-2014: ARA gasoline stocks rise 9.8 percent on

10 januari 2014 

LONDON, Jan 9 (Reuters) – Gasoline stocks independently held at Europe’s Amsterdam-Rotterdam-Antwerp hub rose by 9.8 percent last week to 927,000 tonnes

Lees Meer

19-12-2013: ARA gasoline, gasoil stocks rise on we

19 december 2013 

LONDON, Dec 19 (Reuters) – Gasoline and gasoil stocks independently held at Europe’s Amsterdam-Rotterdam-Antwerp hub both rose last week

Lees Meer

12-12-2013: ARA gasoil stocks show first gain in 8

12 december 2013 

LONDON, Dec 12 (Reuters) – Gasoil stocks independently held at Europe’s Amsterdam-Rotterdam-Antwerp hub rose by 2.5 percent last week to 1.716 million tonnes

Lees Meer

5-12-2013: ARA gasoil stocks at new five-year low

5 december 2013 

LONDON, Dec 5 (Reuters) – Gasoil stocks independently held at Europe’s Amsterdam-Rotterdam-Antwerp hub slipped 0.9 percent last week to 1.673 million tonnes

Lees Meer

28-11-2013: ARA gasoil stocks at new five-year low

28 november 2013 

LONDON, Nov 28 (Reuters) – Gasoil stocks independently held at Europe’s Amsterdam-Rotterdam-Antwerp hub fell last week to a fresh five-year low at 1.688 million tonnes

Lees Meer

22-11-2013: ARA gasoil stocks fall to lowest since

22 november 2013 

LONDON, Nov 21 (Reuters) – Gasoil stocks independently held at Europe’s Amsterdam-Rotterdam-Antwerp hub dropped 5.4 percent from last week to 1.733 million tonnes, their lowest level since late 2008.

Lees Meer

7-11-2013: ARA gasoline stocks rise 8.1 pct on wee

7 november 2013 

LONDON, Nov 7 (Reuters) – Gasoline stocks independently held at Europe’s Amsterdam-Rotterdam-Antwerp hub rose by 8.1 percent to 638,000 tonnes in the last week

Lees Meer

1-11-2013: ARA gasoil stocks fall 4.2 pct over wee

1 november 2013 

LONDON, Oct 31 (Reuters) – Gasoil stocks independently held at Europe’s Amsterdam-Rotterdam-Antwerp hub fell 4.2 percent week-on-week to 1.992 million tonnes

Lees Meer

25-10-2013: ARA gasoline stocks fall to lowest lev

25 oktober 2013 

LONDON, Oct 24 (Reuters) – Gasoline stocks independently held at Europe’s Amsterdam-Rotterdam-Antwerp hub fell 13.4 percent week-on-week to 599,000 tonnes on Thursday

Lees Meer

18-10-2013: ARA gasoline stocks rise 5.6 pct over

18 oktober 2013 

Gasoline stocks independently held at Europe’s Amsterdam-Rotterdam-Antwerp (ARA) hub rose 5.6 percent week-on-week to 692,000 tonnes, data from Dutch oil consultant Pieter Kulsen showed on Thursday.

Lees Meer

11-10-2013: ARA gasoline stocks fall 15 pct over w

11 oktober 2013 

Gasoline stocks independently held at Europe’s Amsterdam-Rotterdam-Antwerp hub dropped 15 percent week-on-week

Lees Meer

04-10-2013: Weekly ARA gasoline, gasoil stocks fal

4 oktober 2013 

LONDON, Oct 3 (Reuters) – Gasoline stocks independently held at the Amsterdam-Rotterdam-Antwerp storage hub fell 7.8 percent to 770,000 tonnes last week

Lees Meer

27-09-2013: Gasoline stocks held independently at

27 september 2013 

LONDON, Sept 26 (Reuters) – Gasoline stocks held independently at Europe’s Amsterdam-Rotterdam-Antwerp storage hub rose 10 percent week-on-week, data from Dutch oil consultant Pieter Kulsen showed on Thursday.

Lees Meer

19-09-2013: Weekly fuel oil stocks at ARA rise by

19 september 2013 

Fuel oil stocks independently held at Europe’s Amsterdam-Rotterdam-Antwerp storage hub rose 37 percent week-on-week

Lees Meer

13-09-2013: Gasoil stocks were at 2.148 million to

13 september 2013 

Gasoil stocks independently held at the Amsterdam-Rotterdam-Antwerp storage hub rose 4.4 percent week-on-week, data from Dutch oil consultant Pieter Kulsen showed on Thursday.

Lees Meer

06-09-2013: Weekly ARA gasoil stocks edge lower

6 september 2013 

Gasoil stocks independently held at the Amsterdam-Rotterdam-Antwerp storage hub dropped slightly in the week ending Thursday

Lees Meer

30-08-2013: ARA gasoil stocks down 4.5 percent

30 augustus 2013 

Gasoil stocks independently held at the Amsterdam-Rotterdam-Antwerp hub fell 4.5 percent in the week ended Aug. 29 to 2.087 million tonnes, Dutch oil consultant Patrick Kulsen said on Thursday.

Lees Meer

Weekly ARA gasoil stocks up 7 percent

23 augustus 2013 

23-08-2013: Gasoil stocks independently held at the Amsterdam-Rotterdam-Antwerp hub rose 7 percent in the week ended Aug. 22 to 2.186 million tonnes

Lees Meer

Weekly ARA gasoline stocks fall on strong exports

16 augustus 2013 

16-08-2013 – Gasoline stocks independently held in Europe’s Amsterdam-Rotterdam-Antwerp hub dropped 23.1 percent in the week to Aug. 15 due to large exports to North America and West Africa, Dutch oil analyst Patrick Kulsen said.

Lees Meer

ARA gasoline stocks drop 10 pct as exports climb

19 juli 2013 

19-07-2013 – An arbitrage to the United States and an unusual, large shipment to Singapore weighed on stocks.

Lees Meer

Gasoline stocks rise more than 8 pct in ARA hub

12 juli 2013 

Gasoline stocks held independently in Europe’s Amsterdam-Rotterdam-Antwerp hub rose by 8.6 percent on the week to 783,000 tonnes, data from Dutch oil analyst Pieter Kulsen showed on Thursday.

Lees Meer

Weekly ARA gasoline stocks rise 3.1 percent

5 juli 2013 

05-07-2013 – Stocks were drawn down by deliveries to Mexico, Nigeria, the United Kingdom and the United States.

Lees Meer

Gasoil stocks fall to 2013 low

28 juni 2013 

28-06-2013 – Gasoline stocks tumbled 11 percent to 699,000 tonnes, the lowest since January, while gasoil inventories fell almost 10 percent to 1.867 million tonnes week on week.

Lees Meer

Gasoline stocks rise more than 5 pct in ARA

21 juni 2013 

21-06-2013 – Slow demand for gasoline in the region and across the Atlantic contributed to the build in inventories.

Lees Meer

ARA gasoline stocks fall for fourth week

17 juni 2013 

07-06-2013 – Gasoline stockpiles declined 0.5 percent as limited barge trade in Europe due to the flooding of the river Rhine was offset by strong overseas exports.

Lees Meer

Olieprijs stijgt, diesel- en gasprijs daalt

14 juni 2013 

14-06-2013 – De olieprijs is sinds woensdag opgelopen naar $103,5 per vat Noordzeeolie. Anderhalve dollar meer dan de olieprijs van vorige week. De reden dat de koers steeg, ligt in de Verenigde Staten.

Lees Meer

Gasoline stocks little changed in ARA hub

14 juni 2013 

14-06-2013 – Gasoline stocks independently held in Europe’s ARA hub were little changed on the week as high water levels hampered shipping in the region, limiting trade.

Lees Meer

ARA gasoline stocks fall over 11 pct on week

31 mei 2013 

31-05-2013 – Naphtha cargoes arrived from Russia but only barges left hub for use in the chemical industry but more for the gasoline blending pool.

Lees Meer

Energietendens vakblad Boerderij

31 mei 2013 

31-05-2013 – Per saldo stijgt de olieprijs licht en komt de ondergrens geleidelijk hoger te liggen. Een ferme prijsstijging wordt echter niet verwacht.

Lees Meer

Weekly ARA gasoline inventories rise, gasoil stock

24 mei 2013 

24-05-2013 – Gasoline stocks independently held in Europe’s ARA hub fell 5.5 percent week on week to their lowest level since early February.

Lees Meer

Contact us




Fields with * are required