LONDON, Feb 2 (Reuters) – Gasoline stocks in independently held storage in the Amsterdam-Rotterdam-Antwerp (ARA) hub fell by 10.7 percent in the week to Thursday, data from Dutch consultancy PJK International showed.
Growing demand from West Africa depleted gasoline stocks and imports to replenish stocks were low, PJK’s Jacob van den Berge said. Demand from the United States was low owing to high inventories there.
Petrochemical demand for naphtha was muted and inventories held relatively stable.
Gasoil stocks were largely unchanged as low water levels on the River Rhine prevented barges from loading beyond 25 percent capacity, keeping buyers at bay.
|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.|
|*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.|