ARA gasoil stocks drop to lowest since May 2014

LONDON, Dec 14 (Reuters) – Gasoil stocks held in the Amsterdam-Rotterdam-Antwerp storage and refining hub declined in the week to Thursday to their lowest level since May 2014, data from Dutch consultancy PJK International showed.

Healthy demand for heating oil and diesel in inland markets up the Rhine, where traders were stocking ahead of the end of the year helped reduce ARA stocks, according to PJK analyst Lars van Wageningen.