LONDON, Jan 12 (Reuters) – Gasoil stocks in independently held storage in the Amsterdam-Rotterdam-Antwerp hub rose by nearly 9 percent in the week to Thursday, data from Dutch consultancy PJK International showed.
The third consecutive week of increases came as imports rose from the United States, and low water levels along the Rhine River prevented barges from leaving the hub for consumers throughout inland Europe.
“We’ve seen the contango widening, and also there were some increased imports from the United States,” said PJK analyst Patrick Kulsen. “And hinterland demand, the outlet, is still hampered due to low water levels.”
Stocks of light ends, including gasoline and naphtha, both fell as demand in export markets across the Americans pulled cargoes out of the region.
|Learn more on current and future market dynamics that impact the ARA tank storage sector in our revised ARA TT study.|
|Incoming cargoes||Outgoing cargoes|
|Gasoline||France, Russia, United Kingdom||Brazil, Canada, Ecuador, France, Latin America, Pakistan, Singapore, United States|
|Naphtha||France, United Kingdom||None|
|Gasoil||India, Latvia, Russia, United Kingdom||United Kingdom|
|Fuel oil||Poland, Russia||one VLCC arrived on the 31st, left on the 10th for Singapore|
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.
*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.