LONDON, May 11 (Reuters) – Fuel oil stocks at independently held storage in the Amsterdam-Rotterdam-Antwerp (ARA) hub sank by 25 percent to a three-month low in the past week as exports rose, according to Dutch consultancy PJK International.
Inventories fell to 785,000 tonnes, their lowest since February 16, as three tankers departed from the hub to Singapore and West Africa, PJK’s Patrick Kulsen said.
Gasoline stocks also dropped, falling by nearly 8 percent, on higher export volumes to regular outlets such as North and Latin America, West Africa and the Middle East, Kulsen said.
Gasoil stocks fell 3.47 percent on strong export demand to the Mediterranean region and higher demand from inland consumers.
|Learn more on current and future market dynamics that impact the ARA tank storage sector in our revised ARA TT study.|
|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.|
|*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.|