ARA gasoil stocks drop more than 5 pct in past week

LONDON, Aug 24 (Reuters) – Gasoil stocks in independently held storage at the Amsterdam-Rotterdam-Antwerp refining and storage hub fell by 5.28 percent in the week to Thursday, data from Dutch Consultancy PJK International showed.

Stocks, which stood at 2.74 million tonnes, fell largely on the back of lower regional production, especially with the outage at Shell’s 404,000 barrels per day Pernis oil refinery in Rotterdam, PJK’s Patrick Kulsen said.

Most units at the refinery have now restarted operations following a fire that led to their shutdown on July 29, Shell said on Thursday.

Limited exports to Asia drove fuel oil stocks up by more than 27 percent.

Gasoline declined by 2.23 percent with lower than average export volumes to the United States keeping stock levels buoyed, 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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