ARA gasoline stocks at lowest level since June

LONDON, Oct 15 (Reuters) – Gasoline stocks independently held in the Amsterdam-Rotterdam-Antwerp hub dropped by 11 percent in the week to Thursday to 769,000 tonne, data from Dutch consultancy PJK International showed.

The big draw in gasoline to the lowest level since early June was due to large exports from the region to the North America, Latin America, China and West Africa, PJK analyst Patrick Kulsen said.

Gasoil stocks slightly declined but held near record highs as low water levels along the Rhine river continued to hamper barge traffic along the key artery into inland markets.

“Barges are still going up the Rhine half-empty,” Kulsen said.

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)

 

15/10/2015 08/10/2015 16/10/2014
Gasoline 769 861 490
Naphtha 496 291 162
Gasoil 3,710 3,754 2,804
Fuel oil 1,027 1,020 516
Jet fuel 724 809 540

 

Incoming cargoes Outgoing cargoes
Gasoline Baltics, Spain, Sweden, UK Brazil, Canada, China, Mexico, WAF and USA
Naphtha Russia, UK None
Gasoil India, UK, USA None
Fuel oil Estonia, France, Lithuania, Poland, Russia, UK VLCC, 16 Oct expected departure to Singapore
Jet fuel South Korea, Saudi Arabia None

 

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