Gasoil inventories were down 3.9 percent to 1.965 million tonnes. Naphtha and jet fuel stocks also declined while fuel oil rose, the data showed.
The barge market in Germany, France and Switzerland continued to see little activity as relatively mild weather and high domestic stock levels reduce demand, Kulsen said.
“End-users have sufficient stocks and are adopting a ‘just-in-time’ delivery system,” he said.
The cargo market accounted for most of the flows in the region, with gasoline and gasoil cargoes heading to Asia, the Middle East, West Africa and Latin America.
(Figures in thousands of tonnes)
|Incoming cargoes||Outgoing cargoes|
|GASOLINE||Denmark, Germany, France, Poland, Britain||Latvia, Britain, Mexico, West Africa, for orders|
|GAS OIL||India, Germany, Russia, US||Argentina, Britain and WAF for orders|
|FUEL OIL||Brazil, Estonia, France, Lithuania, Poland, Russia||VLCC to Singapore|
|JET FUEL||Kuwait, India||France|
Kuwait, India France
*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.