ARA gasoil stocks rise on higher imports

LONDON, Dec 21 (Reuters) – Gasoil stocks held in the Amsterdam-Rotterdam-Antwerp storage and refining hub rose by nearly 8 percent in the week to Thursday on higher imports, data from Dutch consultancy PJK International showed.

Stocks stood at 2.07 million tonnes, after hitting a 2-1/2-year low of 1.92 million tonnes in the previous week.

But strong demand from inland buyers up the Rhine river capped further gains in stocks, PJK’s Patrick Kulsen said.

He said demand up the Rhine was 30 percent higher in the past week compared to the previous week at around 200,000-300,000 tonnes.

Fuel oil exports were up more than 8 percent at 1.27 million tonnes on slowing shipments to Singapore, Kulsen said.

Gasoline stocks fell nearly 3 percent on rising exports.