LONDON, Feb 25 (Reuters) – Fuel oil stocks in the Amsterdam-Rotterdam-Antwerp (ARA) hub rose by over 11 percent in the past week ahead of the arrival of two tankers expected to take part cargoes to Singapore, Dutch consultancy PJK International said on Thursday.
A very large crude carrier (VLCC) is expected to arrive in ARA on Feb. 26 and depart to Singapore on Feb. 28, with another tanker arriving on Feb. 28 and departing on March 1.
Gasoline inventories climbed by 2.6 percent on imports from other regions and as a contango continues to encourage storage, PJK’s Patrick Kulsen said.
Traders have begun storing gasoline on tankers offshore European ports as tanks on land near maximum capacity.
Gasoil was the only product to see a draw in inventories, by 1.3 percent, on higher than average flows inland as high Rhine water levels allowed for full loadings on barges, Kulsen said.Asia.
Interested in consumption, production and tradeflow forecasts of the Northwest European liquid bulk cluster? Download the sample report.
|Incoming cargoes||Outgoing cargoes|
|Gasoline||Estonia, Russia, United Kingdom||Mediterranean, Togo|
|Naphtha||Poland, United Kingdom,||None|
|Gasoil||India, Latvia, Russia, United States||France, United Kingdom|
|Fuel oil||France, Germany, Lithuania, Poland, Russia, United Kingdom, United States||One VLCC expected to arrive on Feb. 26 with planned departure to Singapore with part cargo on Feb. 28.
Another VLCC expected to arrive Feb. 28, depart March 1 on same route
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.
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