ARA gasoil stocks inch off highs

LONDON, Oct 1 (Reuters) – Gasoil stocks independently held in the Amsterdam-Rotterdam-Antwerp hub have inched lower, data from Dutch consultancy PJK International showed on Thursday.

However, stocks were still about 24 percent higher than the same time last year due to refineries pumping at close to full capacity because of strong margins, PJK’s Patrick Kulsen said.

Stocks rose last month to their highest since records began more than a decade ago.

The lower stocks could be attributed to slightly stronger demand in inland Europe, reflected by a busier barge market.

Gasoline stocks also fell slightly, with Kulsen saying that a backwardation in the market and exports to China had curbed the amount being stored.

Read more on the economics, drivers and market trends of the ARA tank storage market in our Knowledge center.

Weekly ARA stocks (in ‘000 tonnes)

 

01/10/2015 24/09/2015 02/10/2014
Gasoline 930 935 591
Naphtha 262 294 263
Gasoil 3,554 3,613 2,867
Fuel oil 1,079 1,110 639
Jet fuel 778 837 522

 

Incoming cargoes Outgoing cargoes
Gasoline Baltics, Russia, UK China, Israel, West Africa
Naphtha Germany, Poland, Russia None
Gasoil Saudi Arabia, UK, USA Algeria
Fuel oil Estonia, France, Lithuania, Poland, Russia, UK VLCC, 2 Oct expected departure to Singapore
Jet fuel Saudi Arabia None

 

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