20-11-14 Weekly gasoil stocks drop 6.9pct

LONDON, Nov 20 (Reuters) – Gasoil stocks at Europe’s Amsterdam-Rotterdam-Antwerp hub fell 6.9 percent to 2.472 million tonnes in the week to Thursday, according to Dutch oil analyst PJK International.

The stocks, which fell from 2.655 million tonnes last week, are at the lowest since June, but remain well above the same time in 2013.

Diesel and gasoil supplies have come under pressure in recent weeks due to a sharp fall in imports from U.S. Gulf Coast refineries, lower production in Europe and increased demand from Latin America.

Demand for diesel and heating oil along the Rhine was limited over the past week, PJK’s Pieter Kulsen said.

Gasoline stocks slipped more than 4 percent to 481,000 tonnes, down from 502,000 tonnes last week.

Fuel oil stocks also fell, while naphtha and jet fuel rose..

20/11/14 13/11/14 21/11/13
GASOLINE 481 502 599
NAPHTHA 305 238 142
GAS OIL 2,472 2,655 2,079
FUEL OIL 510 534
545
JET FUEL 583 526 291
All figures in thousands of tonnes
Incoming cargoes Outgoing cargoes
GASOLINE Germany, Lativa, UK, Turkey Brazil, Denmark, Latin America, Sweden, USA
NAPHTHA France, Latin America France, Finland, Norway
GAS OIL France, Poland, Russia, Spain, UK Lithuania, Med for orders, UK
FUEL OIL Germany, Estonia, Finland, Poland, Russia ETA Nov. 28 VLCC for loading to Singapore
JET FUEL India, Kuwait

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