ARA gasoil down 2.9 percent on export demand

LONDON, July 20 (Reuters) – Gasoil stocks in independent storage at the Amsterdam-Rotterdam-Antwerp (ARA) hub declined by 2.9 percent in the week to Thursday, data from Dutch consultancy PJK International showed.

Stocks stood at around 2.83 million tonnes, having fallen due to strong export demand from the hub to the Mediterranean and West Africa, PJK’s Patrick Kulsen said.

Gasoline stocks were little change compared with the previous week, but were over 40 percent lower than their level the same time last year.

Fuel oil stocks jumped nearly 32 percent to 1.09 million tonnes week-on-week in the absence of any exports to the Asia-Pacific from the region, Kulsen said.

Learn more on current and future market dynamics that impact the ARA tank storage sector in our revised ARA TT study.
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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
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