01-05-14: ARA gasoil stocks rise 7% on week

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.

Gasoil inventories in the hub rose 7 percent to 1.645 million tonnes.
Naphtha stocks rose to 262,000 tonnes, and fuel oil inventories rose to 716,000 tonnes, while jet fuel stocks fell to 365,000 tonnes, the data showed.

Demand for gasoil and diesel in northwest Europe was scant over the past week, while imports from the United States and Russia rose, Kulsen said.

01/05/14 24/04/14 02/05/13
GASOLINE 808 994 994
NAPHTHA 262 193 152
GAS OIL 1,645 1,541 2,231
FUEL OIL 716 613
768
JET FUEL 365 382 375
All figures in thousands of tonnes
Incoming cargoes Outgoing cargoes
GASOLINE Britain, Latvia Latvia, Nigeria, Puerto Rico, USA
NAPHTHA Russia, Spain none
GAS OIL Latvia, Lithuania, Sweden, USA Latvia
FUEL OIL Brazil, Britain, France, Russia, USA VLCC loading for Singapore
JET FUEL South Korea none

 

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