LONDON, Dec 10 (Reuters) – Gasoil stocks independently held in the Amsterdam-Rotterdam-Antwerp (ARA) hub rose to a fresh record high in the week to Thursday, data from Dutch consultancy PJK International showed.
Gasoil stocks, which include diesel and heating oil, have risen steadily over the past month as imports into the region grew while a weak price structure made storage more profitable.
Demand in inland markets including Germany and Switzerland was also weak due to mild weather and relatively high barge freight rates going up the Rhine river, PJK analyst Patrick Kulsen said.
Weekly ARA stocks (in ‘000 tonnes)
|Incoming cargoes||Outgoing cargoes|
|Gasoline||France, Portugal, Russia, Sweden, UK||China, USA, WAF|
|Naphtha||Germany, Russia||Far East|
|Gasoil||Latvia, Sweden, UK, USA||None|
|Fuel oil||France, Lithuania, Norway, Poland, Russia, UK||VLCC expected departure Dec. 14 for Singapore; VLCC expected to arrive Dec. 14|
|Jet fuel||South Korea, UAE||None|
*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.