LONDON, Oct 17 (Reuters) – Gasoline stocks independently held at Europe’s Amsterdam-Rotterdam-Antwerp (ARA) hub rose 5.6 percent week-on-week to 692,000 tonnes, data from Dutch oil consultant Pieter Kulsen showed on Thursday.
Gasoil stocks were almost unchanged at 2.128 million tonnes, while naphtha stocks declined 9.3 percent to 107,000 tonnes. Fuel oil levels dropped 9.9 percent to 634,000 tonnes and jet fuel stocks dropped 12.4 percent to 387,000 tonnes.
“Both gasoline and gasoil stocks are being influenced more by cargoes than by barges,” Kulsen said. “Product has been moving relatively actively along the Rhine, but I expect the market to pick up in the second half of October.”
Kulsen said naphtha stocks at the ARA hub thinned due to demand in the petrochemical industry and that the draw would likely increase in the fourth quarter.
Jet fuel stocks were down as cargoes left for France and refineries used jet fuel to upgrade diesel to winter-quality fuel, Kulsen said.
|Incoming cargoes||Outgoing cargoes|
|GASOLINE||Estonia, Poland, Russia, Spain, Turkey, UK||Algeria, Mexico, Tanzania, UK, West Africa for orders|
|GAS OIL||India, Russia, Sweden, U.S.||France, UK, Nigeria|
|FUEL OIL||Brazil, Lithuania, Poland, Russia, UK, U.S.||1 VLCC sailed Oct. 17 to Singapore
|JET FUEL||South Korea, UAE||France|
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