08-05-14: ARA gasoil stocks fell fractionally

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.

Gasoil inventories edged down by 2 percent to 1.619 million tonnes. Naphtha and fuel oil stocks rose, while jet fuel inventories fell.

The fall in gasoline stocks was due to strong exports from the region to the U.S. East Coast and West Africa, where Nigeria recently tendered to buy 1.85 million tonnes of gasoline in the second quarter, Kulsen said.

08/05/14 01/05/14 09/05/13
GASOLINE 758 808 1068
NAPHTHA 296 262 142
GAS OIL 1,619 1,645 2,219
FUEL OIL 671 713
JET FUEL 382 365 332
All figures in thousands of tonnes
Incoming cargoes Outgoing cargoes
GASOLINE Britain, Latvia, Sweden West Africa, USA
NAPHTHA Russia, Britain, Poland none
GAS OIL Sweden, USA, Poland Argentina, Britain
FUEL OIL Britain, France, Italy, Russia, Poland, USA VLCC departed this week to Singapore
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.