LONDON, Sept 1 (Reuters) – Fuel oil stocks independently held in the Amsterdam-Rotterdam-Antwerp oil hub fell by nearly 13 percent to their lowest since the end of 2014 in the week to Thursday, Dutch consultancy PJK International said.
Stocks fell on tighter supplies, high export demand and as a backwardated market structure discouraged storage, PJK analyst Jacob van den Berge said.
Gasoline stocks also fell, by almost 12 percent to their lowest since early January on the back of transatlantic and West African exports.
Gasoil inventories were up around 3 percent as incoming volumes exceeded exports from the region to the Mediterranean and North Africa, van den Berge said.
Slow inland demand for gasoil also contributed to the rise in stocks.
PJK International is also consulted for (medium and long term) supply and demand forecasting, tradeflow forecasting, oil tanker vessel tracking and its view on price trends on NWE oil markets. Read more on PJK Consultancy Services.
|Incoming cargoes||Outgoing cargoes|
|Gasoline||Estonia, France, Senegal, UK||Canada, Latin America, Mexico, US, W. Africa|
|Naphtha||Algeria, Germany, UK||None|
|Gasoil||India, Russia, Saudi Arabia, US||Mediterranean, N. Africa|
|Fuel oil||Poland, Russia, UK||One VLCC expected to depart on Sept. 3|
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