LONDON, Oct 10 (Reuters) – Gasoline stocks independently held at Europe’s Amsterdam-Rotterdam-Antwerp hub dropped 15 percent week-on-week, data from Dutch oil consultant Pieter Kulsen showed on Thursday.
But gasoil stocks rose 5.5 percent to 2.123 million tonnes, fuel oil stocks rose 3.7 percent to 704,000 tonnes and jet fuel levels dropped 1.3 percent to 442,000 tonnes.
The draw in gasoline stocks was caused by increased demand for winter-grade products in the region, as well as several cargoes headed overseas.
“There’s a lot of product moving, and many more exports both barge and cargo-wise,” Kulsen said. “Importers have to switch from intermediate to winter-quality gasoline from October, and this creates extra demand.”
Lower water levels along the Rhine river have hampered trade in recent weeks as barge loading was restricted, but Kulsen said gasoline and gasoil barges were now moving normally along the Rhine to Germany, France and Switzerland.
|Incoming cargoes||Outgoing cargoes|
|GASOLINE||Italy, France, Latvia, Portugal, UK||China, Chile, Mexico, UK, Yemen|
|GAS OIL||Latvia, Russia, U.S.||UK, Italy|
|FUEL OIL||Brazil, Lithuania, Poland, Russia, UK||1 VLCC sailed Oct. 9 to Singapore; another expected to arrive in ARA on Oct. 13 before sailing to Singapore
|JET FUEL||South Korea, UAE||—|
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