ARA gasoline stocks fall after cargoes depart for US

LONDON, April 28 (Reuters) – Gasoline stocks at independently held storage in the Amsterdam-Rotterdam-Antwerp (ARA) hub hub fell 7.6 percent in the week ending April 28, data from Dutch consultancy PJK International showed on Friday.

Gasoline inventories in the refining and storage hub stood at 1.09 million tonnes as lower import volumes from Russia coincided with rising exports to the United States, helping to bolster stocks of the motor fuel there, PJK’s Jacob van den Berge said.

Gasoil stocks slipped 1.3 percent to 3.09 million tonnes with lower imports from the Baltics, as well as low water levels on the Rhine river hampering inflows, contributing to the drop.

At 233,000 tonnes, stocks of Naphtha dipped slightly in the past week and have fallen back into the upper range of the previous five years’ seasonal averages having hit record highs earlier this month.

Fuel oil stocks, meanwhile, rose to 1.17 million tonnes after a VLCC docked in the hub but the cargo is being loaded on vessels to Singapore and is likely to leave this week which may signal inventories falling by next Thursday.

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