LONDON, May 22 (Reuters) – Gasoline stocks held at Europe’s Amsterdam-Antwerp-Rotterdam (ARA) storage hub rose almost 6.5 percent to 1.038 million tonnes in the week to Thursday, data from Dutch oil analyst Pieter Kulsen showed.
Gasoil stocks also increased, rising 4.23 percent to 1.734 million tonnes. Inventories of naphtha, jet fuel and fuel oil all inched down, the data showed.
“Generally the demand is slack,” Kulsen said. Refineries in northwest Europe have returned from maintenance in recent weeks, increasing volume availability in the region and putting further pressure on prices.
At the same time, gasoline exports from Europe to the U.S. East Coast have slowed down, traders said. Demand for diesel and heating oil along the Rhine has been weak over the past week, Kulsen said.
|Incoming cargoes||Outgoing cargoes|
|GASOLINE||Britain, Estonia, Finland, Mediterrranean||Brazil, Britain, France, Mexico, WAF for orders, USA|
|NAPHTHA||Britain, Russia||cif NWE|
|GAS OIL||Britain, South merica, Russia, USA||France, WAF for orders|
|FUEL OIL||Brazil, Britain, France, Lithuania, Russia, Poland, USA||None|
|JET FUEL||United Arab Emirates||None|
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