LONDON, July 14 (Reuters) – Gasoil stocks held independently in the Amsterdam-Rotterdam-Antwerp hub rose by over 7 percent in the week to Thursday to a three-month high amid weak inland demand and as traders took advantage of a contango to store the product, according to Dutch consultancy PJK International.
Imports of gasoil from the Middle East and the U.S. also contributed to the stockbuild.
Gasoline stocks also rose by around 8.6 percent as exports to West Africa dried up and imports from the Baltics rose, PJK’s Patrick Kulsen said.
A contango in the gasoline market also encouraged storage, Kulsen added.
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.
|Incoming cargoes||Outgoing cargoes|
|Gasoline||Finland, Russia, Scotland, U.K.||Algeria, Canada, Mexico, U.S.|
|Gasoil||Saudi Arabia, U.S.||France|
|Fuel oil||Lithuania, Poland, Russia, U.K.||One VLCC departed with a part cargo to Singapore on July 12|
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