ARA gasoil stocks slide 11 pct

LONDON, Oct 26 (Reuters) – Gasoil stocks held in independent storage tanks at the Amsterdam-Rotterdam-Antwerp storage and refining hub fell over 11 percent in the week to Thursday due to exports, according to data from Dutch consultancy PJK International.

Stocks stood at 2.24 million tonnes and fell due to busy exports, particularly to the Mediterranean region, PJK’s Patrick Kulsen said.

A backwardation in the diesel futures market also led to destocking, he added.

Gasoline stocks were also down, by over 4 percent, on strong export demand to the Middle East and Asia Pacific.

Learn more on current and future market dynamics that impact the ARA tank storage sector in our revised ARA TT study.
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
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