LONDON, June 29 (Reuters) – Gasoil stocks in independent storage in the Amsterdam-Rotterdam-Antwerp (ARA) hub rose 2.7 percent in the week to Thursday on high import levels, according to data from Dutch consultancy PJK International.
Stocks rose to around 2.95 million tonnes on incoming cargoes from the Middle East, Russia and the United States, and despite above average demand from inland consumers, PJK’s Patrick Kulsen said.
Prolonged maintenance shutdowns at BP’s Lingen and Total’s Leuna refineries, both in Germany, continue to drive up demand to inland locations for barges carrying oil products from ARA.
Fuel oil stocks also firmed, gaining nearly 28 percent to 1.02 million tonnes as exports to Singapore slowed this week.
Gasoline stocks were little changed and the market was largely balanced, Kulsen said.
|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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