ARA fuel oil stocks fall on overseas demand

LONDON, June 16 (Reuters) – Fuel oil stocks held independently in the Amsterdam-Rotterdam-Antwerp hub declined by about 6 percent in the week to Thursday amid demand for exports to the United States and Asia Pacific, according to Dutch consultancy PJK International.

Gasoline stocks in the hub rose by less than 2 percent as high imports from the Baltics compensated for exports to North America, Latin America and West Africa, PJK’s Patrick Kulsen said.

Gasoil stocks were hardly changed, but cargoes continued to make their way to France, where weeks of strike action at several refineries led to a large draw in product inventories.

Workers protesting against the French government’s labour reform plans have now suspended their strikes at Total’s Gonfreville, Donges and Feyzin refineries.

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 Baltics, Italy, Latvia, Russia Brazil, Canada, Latin America, Nigeria, United States
Naphtha France, Russia, United Kingdom None
Gasoil Russia, United States France
Fuel oil Norway, Poland, Russia, United Kingdom One VLCC arrived on June 13 and is expected to depart to Singapore on June 18; United States
Jetfuel United Arab Emirates None

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