LONDON, April 21 (Reuters) – Gasoil stocks held in the Amsterdam-Rotterdam-Antwerp (ARA) hub fell by over 7 percent in the week to Thursday partly because of refinery maintenance work, Dutch consultancy PJK International said.
A planned maintenance shutdown on a diesel-producing hydrocracking unit at Shell’s 141,000 barrels-per-day Wesseling refinery in Germany and brief shutdown of a hydrocracker at Shell’s 404,000-bpd Pernis refinery in the Netherlands probably contributed to the stock draw, PJK’s Patrick Kulsen said.
Increased demand from the agricultural sector led to more gasoil going up the Rhine River, contributing to the draw-down Kulsen added.
Jet stocks fell by over 14 percent, also due to refinery maintenance work.
Naphtha stocks rose sharply by over 70 percent to 195,000 tonnes while gasoline stocks were stable. Demand for blending naphtha into gasoline has been declining, traders said.
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||Italy, Norway, Russia, Spain||Ghana, Guinea, Nigeria, Puerto Rico|
|Naphtha||France, United Kingdom||None|
|Gasoil||IIndia, Baltics||United Kingdom|
|Fuel oil||France, Norway, Poland, Russia, United Kingdom, United States||One VLCC expected to arrive on April 22 and to depart to Singapore with a part cargo on April 27|
|Jetfuel||Malaysia, Saudi Arabia, Singapore, South Korea||None|
*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.