PJK International ARA Tank Storage SpecialistLONDON, Feb 27 (Reuters) – Gasoline stocks independently held at the Amsterdam-Rotterdam-Antwerp hub rose 27.5 percent to 888,000 tonnes in the week to Thursday as importers prepared to switch to summer grades of the fuel, data from Dutch oil consultant Pieter Kulsen showed.
“We’re beginning to see amplified demand for summer quality more than for winter,” Kulsen said. Gasoline refining margins have strengthened in recent weeks, as refineries start spring maintenance and as the industry prepares to switch to pricier summer blends.
Gasoline tends to peak in the summer months as demand from motorists, particularly in the United States, picks up.
Fuel oil stocks dropped 25 percent from the previous week. Gasoil stocks rose slightly, while naphtha and jet fuel declined slightly on the week. All stocks except jet fuel were lower by comparison with the same week last year. Gasoil demand along the Rhine remained muted as mild winter temperatures persisted in Europe.”The arbitrages allow those invested in gasoline to engage in this cargo trade.”
|Incoming cargoes||Outgoing cargoes|
|GASOLINE||Germany, France, Italy, Estonia, Russia, Britain||Canada, Britain, UAE, US, West Africa for orders|
|NAPHTHA||Russia, Britain||CIF Northwest Europe for orders|
|GAS OIL||Latvia, Norway, Russia||CIF Northwest Europe for orders, Gibraltar for orders|
|FUEL OIL||France, Lithuania, Russia, Spain, US||VLCC to Singapore on March 5
|JET FUEL||Kuwait, UAE||France|
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