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.
|Incoming cargoes||Outgoing cargoes|
|GASOLINE||Latvia, France and Britain||Mexico, Spain and Britain|
|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||—|
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