ARA gasoil stocks rise to fresh record

LONDON, Oct 8 (Reuters) – ARA gasoil stocks independently held in the Amsterdam-Rotterdam-Antwerp hub rose 5 percent in the week to Thursday to a new record high, data from Dutch consultancy PJK International showed.

Severe barge traffic disruptions along the Rhine river due to low water levels over the last month have led to a build up in gasoil inventories at the hub.

“There are still very low water levels for an exceptionally long period of time,” PJK’s Patrick Kulsen said.

Barges have been loading at half of their capacity due to the low water levels.

“Freight rates high are and barge capacity is short. There is product going up the Rhine but it is taking much longer.

ARA gasoline stocks declined as overseas demand rose in recent weeks due to refinery maintenance in the Middle East and Asia.

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)

 

08/10/2015 01/10/2015 09/10/2014
Gasoline 861 930 554
Naphtha 291 262 206
Gasoil 3,754 3,554 2,788
Fuel oil 1,020 1,079 569
Jet fuel 809 778 556

 

Incoming cargoes Outgoing cargoes
Gasoline Baltics, France, Russia, UK Algeria, USA
Naphtha France, Germany, Russia None
Gasoil Nigeria, Russia, Saudi Arabia, UK, USA None
Fuel oil Estonia, France, Lithuania, Poland, Russia, UK VLCC, 8 Oct expected departure to Singapore
Jet fuel South Korea, Kuwait None

 

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