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)
|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|
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