19-02-2015 ARA gasoil stocks hit new record high

LONDON, Feb 19 (Reuters) – Gasoil stocks held in independent storage at Europe’s Antwerp-Rotterdam-Amsterdam hub rose to a new record high of 3.15 million tonnes in the week to Thursday, data from Dutch-based PJK International showed.

The fifth consecutive week of gains in gasoil stocks is due to strong imports from the Baltic Sea, PJK analyst Patrick Kulsen said.

This is the highest level since records started in 2003, according to Reuters data.
“We can see builds in multiple terminals,” he said.

Demand along the Rhine river has been weaker because stocks are sufficient, he said.

Low water levels have also meant barges can load at around 60 percent of capacity.

Gasoline stocks were little changed at 820,000 tonnes, according to the data.

Weekly ARA stocks (in ‘000 tonnes)

19/02/2015 12/02/2015 20/02/2014
Gasoline 820 811 696
Naphtha 211 174 112
Gasoil 3,146 3,065 73
Fuel oil 1,009 1,113 813
Jet fuel 554 562 417
Incoming cargoes Outgoing cargoes
Gasoline Estonia, France, Germany, Latvia, Russia, Sweden, UK East of Suez, WAF, USA
Naphtha Angola, France, Portugal, Russia, Spain, UK None
Gasoil Estonia, India, Norway, Russia USAC
Fuel oil France, Poland, Russia, UK 2 VLCCs part cargo ETAFeb. 19 destination Singapore
Jet fuel India, Qatar, South Korea None

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