19-09-2013: Weekly fuel oil stocks at ARA rise by

LONDON, Sept 19 (Reuters) – Fuel oil stocks independently held at Europe’s Amsterdam-Rotterdam-Antwerp storage hub rose 37 percent week-on-week, data from Dutch oil consultant Patrick Kulsen showed on Thursday.

The fuel oil stocks rise was the most dramatic in a week that saw ARA product stocks increase across the board.
Gasoline oil stocks rose to 758,000 tonnes from 718,000 tonnes last week, the data showed. Kulsen said the market was quite balanced accounting for the small rise.

Gasoil oil stocks also rose to 2.338 million tonnes from 2.148 million tonnes last week on low German demand but there was some buying from traders in Switzerland.

“Rhine barge freight rates have come down, especially for Switzerland so Swiss traders were buying in ARA,” Patrick Kulsen said.
Jet fuel stocks at ARA also rose, reaching 462,000 tonnes compared to 435,000 tonnes last week, according to the data.

19/09/13 12/09/13 20/09/12
GASOLINE 758 718 650
NAPHTHA 83 104 89
GAS OIL 2,338 2,148 2,311
FUEL OIL 958 697
796
JET FUEL 462 435
329
All figures in thousands of tonnes
Incoming cargoes Outgoing cargoes
GASOLINE Latvia, France and Britain Mexico, Spain and Britain
NAPHTHA Norway
GAS OIL Latvia, Russia Italy
FUEL OIL Lithuania, Sweden, Poland and United States 1 VLCC to Singapore
JET FUEL Bahrain, Saudi Arabia and South Korea

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