ARA gasoline stocks fall on exports

LONDON, March 24 (Reuters) – Gasoline stocks held in the Amsterdam-Rotterdam-Antwerp (ARA) hub fell by more than 10 percent in the past week on growing exports, but overall stocks remained close to an all-time high, Dutch consultancy PJK International said on Thursday.

Gasoline stocks fell by around 133,000 tonnes to 1.17 million tonnes as cargoes departed to Asia, West Africa and other European locations, PJK’s Patrick Kulsen said.

Total product inventories reached an all-time high of 7.02 million tonnes last week.

Naphtha stocks this week were down around 12 percent as demand for blending into gasoline grew.

Fuel oil stocks were higher ahead of planned exports to Singapore, Kulsen said.

Jet inventories rose by over 9 percent on rising imports.

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.

Weekly ARA stocks (in ‘000 tonnes)

Incoming cargoes Outgoing cargoes
Gasoline Greece, Finland, Norway, Russia, United Kingdom China, Guinea, Med. for orders, Nigeria for orders, Singapore, United Kingdom
Naphtha Norway, United Kingdom None
Gasoil Canada, India, Russia, Venezuela None
Fuel oil Brazil, Germany, Lithuania, Norway, Poland, Russia, United Kingdom A VLCC left on March 24 with a part cargo to Singapore. Two VLCC’s are expected to depart on March 28 with part cargoes to Singapore
Jetfuel India, Malaysia, South Korea None

*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.