ARA fuel oil stocks up ahead of exports to Singapore

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.

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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
Jetfuel South Korea None

 

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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