18-10-2013: ARA gasoline stocks rise 5.6 pct over

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.

 

17/10/13 10/10/13 18/10/12
GASOLINE 692 655 600
NAPHTHA 107 118 107
GAS OIL 2,128 2,123 1,999
FUEL OIL 634 704
701
JET FUEL 387 442
275
All figures in thousands of tonnes
Incoming cargoes Outgoing cargoes
GASOLINE Estonia, Poland, Russia, Spain, Turkey, UK Algeria, Mexico, Tanzania, UK, West Africa for orders
NAPHTHA Norway, Russia
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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