ARA gasoil stocks drop due to French strikes

LONDON, June 9 (Reuters) – Gasoil stocks independently held in the Amsterdam-Rotterdam-Antwerp hub declined in the week to Thursday amid higher exports to France, according to Dutch consultancy PJK International.

More than two weeks of strikes at Total’s TOTF.PA French refineries have depleted stocks in the country, leading to a sharp increase in imports.

“We saw quite a few of tankers going from ARA to French ports most likely due to the strikes at the refineries. Normally you don’t see that,” PJK’s Patrick Kulsen said.

Total said on Thursday its Grandpuits and La Mede refineries were running normally, while some striking workers were blocking the full restart of operations at Donges, Feyzin and Normandy 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

Weekly ARA stocks (in ‘000 tonnes)

Incoming cargoes Outgoing cargoes
Gasoline Russia, Sweden Canada, Mexico, Nigeria, UK, USA, WAF
Naphtha Russia None
Gasoil Russia France
Fuel oil Finland, France, Poland, Russia, UK VLCC departure June 4 to Singapore; VLCC planned arrival June 12
Jetfuel Saudi Arabia, UAE None

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