LONDON, Dec 11 (Reuters) – Gasoline stocks at Europe’s Amsterdam-Rotterdam-Antwerp hub rose by 18 percent to 684,000 tonnes in the week to Thursday, according to Dutch oil analyst PJK International.
The increase puts ARA gasoline inventories at their highest level since early September.
“The gasoline market in northwest Europe is weak at the moment. There is little demand in the U.S. and no exports to West Africa,” PJK analyst Patrick Kulsen said.
Stocks were further increased by blending of naphtha in the gasoline stocks, he added.
Gasoil stocks also rose – to 2.660 million tonnes, from 2.578 million tonnes last week, according to PJK data.
“Gasoil demand is average at the moment as it is not very cold,” Kulsen said.
|Incoming cargoes||Outgoing cargoes|
|GASOLINE||Italy, Poland, Saudi Arabia, UK||Algeria, Med, US|
|NAPHTHA||Italy, Poland, Russia||none|
|GAS OIL||France, Italy, Qatar, Russia, Sweden, US||none|
|FUEL OIL||Estonia, Germany, Finland, France, Russia, US||Two VLCCs part cargo destination Singapore|
|JET FUEL||India, South Korea, Portugal, Saudi Arabia||France|
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