ARA gasoil stocks rise

LONDON, March 10 (Reuters) – Gasoil stocks held in the Amsterdam-Rotterdam-Antwerp (ARA) hub rose by 5 percent in the past week as traders discharged some volumes that had been held in floating storage, Dutch consultancy PJK International said on Thursday.

Traders opted to discharge gasoil from tankers into tanks on land as space cleared up in those tanks across different terminals in the trading hub, PJK’s Patrick Kulsen said.

Jet inventories fell for a second consecutive week as imports from other regions slowed.

Gasoline stocks rose slightly by around 1.6 percent after falling by 9 percent last week partly because of higher production from refineries in the region, according to Kulsen.

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.

 

Incoming cargoes Outgoing cargoes
Gasoline France, Latvia, Russia, Sweden, United Kingdom Brazil, China, Guinea, Singapore, United States
Naphtha Russia, United Kingdom None
Gasoil Canada, Russia, United States None
Fuel oil France, Latvia, Poland, Russia, United Kingdom One VLCC arrived March 6, expected to leave with part cargo to Singapore March 10
Jetfuel United Arab Emirates None

 

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