LONDON, March 3 (Reuters) – Gasoline stocks in the Amsterdam-Rotterdam-Antwerp (ARA) hub fell by around 9 percent in the past week on increased export activity, Dutch consultancy PJK International said on Thursday.
“We saw lots of gasoline cargoes going out to the Far East, West Africa, and Latin America,” PJK’s Patrick Kulsen said.
The drop is also likely due to traders downsizing their inventories of winter-grade gasoline ahead of the switch to summer grade, Kulsen added.
Fuel oil stocks also fell by around 9 percent as two very large crude carriers (VLCCs) loaded cargoes to go to Singapore.
Jet fuel stocks fell by 6 percent on slowing imports from other regions, while gasoil inventories were little changed.
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|Incoming cargoes||Outgoing cargoes|
|Gasoline||Estonia, Russia, United Kingdom||Mediterranean, Togo|
|Naphtha||Poland, United Kingdom,||None|
|Gasoil||India, Latvia, Russia, United States||France, United Kingdom|
|Fuel oil||France, Germany, Lithuania, Poland, Russia, United Kingdom, United States||One VLCC expected to arrive on Feb. 26 with planned departure to Singapore with part cargo on Feb. 28.
Another VLCC expected to arrive Feb. 28, depart March 1 on same route
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.
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