17-04-14: ARA gasoil stocks rise 11.4%

LONDON, April 17 (Reuters) – Gasoil stocks independently held at Europe’s Amsterdam-Rotterdam-Antwerp (ARA) hub rose 11.4 percent to 1.573 million tonnes in the week to Thursday, data from Dutch oil analyst Pieter Kulsen showed.

Gasoline stocks fell 15.7 percent to 921,000 tonnes from 1.092 million tonnes. Naphtha stocks fell to 145,000 tonnes, fuel oil inventories declined to 516,000 tonnes and jet fuel stocks rose to 430,000 tonnes.

Gasoil stocks rose over the past week as volumes arrived in the region from the U.S. Gulf Coast, where refineries had been ramping up diesel production following maintenance.
At the same time, demand in the region weakened.

“Along the Rhine river it was more quiet because retailers and wholesellers have sufficient stocks for now. Generally, it is a very slow market,” Kulsen said.

Low water levels along the Rhine further limited transport into northwest Europe as barges are unable to load at full capacity, he added.

Lower outright diesel prices further boosted demand, he added.

17/04/14 10/04/14 18/04/13
GASOLINE 921 1,092 1,025
NAPHTHA 145 161 108
GAS OIL 1,573 1,412 2,341
FUEL OIL 516 568
JET FUEL 430 418 319
All figures in thousands of tonnes
Incoming cargoes Outgoing cargoes
GASOLINE Britain, Estonia, France, Lativia, Norway, Russia France, Gibraltar for order, S. America for order, WAF for orders, U.S.
NAPHTHA Russia CIF NWE for orders
GAS OIL Latvia, Russia, Sweden, US Britain, France, Latam, WAF for orders
FUEL OIL Brazil, Italy, France, Poland, Russia, USA
JET FUEL Middle East, Far East Britain, France

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