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.
|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||—|
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