10-04-14: ARA gasoil stocks fall to new 6-year low

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.

Gasoline stocks rose slightly to 1.092 million tonnes while naphtha posted a small decline to 161,000 tonnes, the data showed.

Gasoil and diesel buying in northwest Europe picked up in recent weeks as end users switch to summer-grade product, Kulsen said.

Lower outright diesel prices further boosted demand, he added.

10/04/14 03/04/14 11/04/13
GASOLINE 1,092 1,078 1,050
NAPHTHA 161 182 107
GAS OIL 1,412 1,632 2,453
FUEL OIL 568 593
JET FUEL 418 396 374
All figures in thousands of tonnes
Incoming cargoes Outgoing cargoes
GASOLINE Britain, Cuba, Germany, Estonia, Finland, France, Russia France, Gibraltar for order, S. America for order, Senegal, U.S.
NAPHTHA Latvia, Russia CIF NWE for orders
GAS OIL Estonia, Latvia, Norway, Russia, U.S. Britain, France, WAF for orders
FUEL OIL Brazil, Britain, Italy, France, Lithuania, Russia VLCC to Singapore
JET FUEL Middle East, Far East Britain, France

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