06-03-14: ARA gasoline stocks rise 11% on week

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.

Naphtha stocks rose to 94,000 tonnes this week from 81,000 tonnes the previous week. Fuel oil and jet fuel stocks also rose.

Gasoil stocks fell to 1.901 million tonnes from 1.988 million the previous week, the data showed.

Demand for gasoline and gasoil has risen in recent weeks in northwest Europe, specially along the Rhine river, as refineries entered planned spring maintenance, Kulsen said.

The switch from winter-grade products to intermediate and summer grades further boosted demand, he added.

06/03/14 27/02/14 07/03/13
GASOLINE 989 888 1,027
NAPHTHA 94 81 78
GAS OIL 1,901 1,988 2,353
FUEL OIL 672 607  638
JET FUEL 443 409 322
All figures in thousands of tonnes
Incoming cargoes Outgoing cargoes
GASOLINE Britain, France, Latvia, Norway, Russia, Sweden China, Mexico, US, Puerto Rico, WAF for orders
NAPHTHA Russia, Britain CIF NWE for orders
GAS OIL Latvia, Norway, Russia Britain, France, Senegal
FUEL OIL Finland, France, Lithuania, Russia, Spain VLCC sailed for Singapore, one excpected to arrive Mar 3 and sail Mar 11
JET FUEL Kuwait, UAE Britain, France

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