ARA gasoil stocks hit new record high

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)

 

10/12/2015 03/12/2015 11/12/2014
Gasoline 781 758 684
Naphtha 95 188 262
Gasoil 3,775 3,672 2,660
Fuel oil 1,187 1,113 681
Jet fuel 853 846 519

 

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

 

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