10-07-14: Weekly ARA gasoline stocks down 10%

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.

Gasoil stocks rose 4 percent to 2.598 mln tonnes, the tenth straight week of gains, fuelled by low demand, high imports and a contango at the front of the gasoil futures curve that makes storage profitable.

Naphtha, jet fuel and fuel oil stocks all fell, according to the data.

10/07/14 03/07/14 11/07/13
GASOLINE 798 887 783
NAPHTHA 181 200 124
GAS OIL 2,598 2,491 1,837
FUEL OIL 708 740
672
JET FUEL 362 377 367
All figures in thousands of tonnes
Incoming cargoes Outgoing cargoes
GASOLINE Britain, Germany, Latvia Britain, Canada, Norway, Nigeria, Togo, USA
NAPHTHA Britain, Poland, Russia Britain
GAS OIL Britain, India, Latvia, Norway, Russia, USA Britain, France, Sweden
FUEL OIL Brazil, France, Lithuania, Russia
JET FUEL Kuwait, Saudi Arabia

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