17-07-14: ARA gasoline stocks rise 3.8%

LONDON, July 17 (Reuters) – Gasoline stocks independently held at Europe’s Amsterdam-Antwerp-Rotterdam (ARA) hub rose by 3.8 percent to 829,000 tonnes week-on-week, data from Dutch oil consultant Patrick Kulsen showed on Thursday.

Gasoil stocks rose to 2.630 million tonnes, an 11th week in a row of gains, up from 2.598 million tonnes in the previous week.

A widening of the gasoil contango, when the front month price is higher than later months, made storage more economic in recent weeks, Kulsen said.
Naphtha, fuel oil and jet fuel stocks also rose.

17/07/14 10/07/14 18/07/13
GASOLINE 829 798 705
NAPHTHA 214 181 149
GAS OIL 2,630 2,598 1,886
FUEL OIL 804 708
529
JET FUEL 369 362 359
All figures in thousands of tonnes
Incoming cargoes Outgoing cargoes
GASOLINE Britain, Estonia Nigeria, Mexico, USA
NAPHTHA France, Portugal, Russia
GAS OIL Finland, Russia, USA France, Norway
FUEL OIL Brazil, Russia, USA VLCC part cargo for Singapore departure July 17
JET FUEL India, Kuwait

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.