ARA gasoline stocks fall 10.6 percent on high demand

LONDON, April 16 (Reuters) – ARA gasoline stocks held in independent storage at Europe’s Antwerp-Rotterdam-Amsterdam hub fell 10.6 percent this week as export demand drew cargoes out of the region, according to Dutch-based PJK International.

“With gasoline we saw large export volumes for West Africa and the U.S.,” said PJK’s Patrick Kulsen, adding that naphtha also fell as a result of demand for blending with gasoline and as a petrochemical feedstock.

Gasoil stocks rose about 1 percent in the ARA hub due to reduced demand, said Kulsen.

“There’s not so much hinterland demand because the heating oil season is almost over,” he said.

Weekly ARA stocks (in ‘000 tonnes)

16/04/2015 09/04/2015 17/04/2014
Gasoline 937 1,049 991
Naphtha 219 247 75
Gasoil 2,665 2,638 1,573
Fuel oil 976 1,095 516
Jet fuel 617 531 430

 

Incoming cargoes Outgoing cargoes
Gasoline Denmark, Russia, Britain, France U.S., West Africa for orders
Naphtha Algeria, Germany,Nigeria, Russia None
Gasoil Latvia, Latin America, Norway, Russia None
Fuel oil France, Finland, Germany, Poland, Russia, Britain Two VLCCs planned for departure on 15th and 22nd April for Singapore
Jet fuel U.A.E. None

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