ARA gasoline stocks hit 19-month high -PJK – Reuters News

LONDON, Feb 22 (Reuters) –

  • Gasoline stocks in independently held storage in the Amsterdam-Rotterdam-Antwerp hub rose by around 4.7 percent to a 19-month high, data from Dutch consultancy PJK International showed on Thursday.
  • Stocks rose largely due to a cooling off on the arbitrage route to West Africa, and despite the motor fuel being shipped to more destinations over the course of the week, PJK’s Lars van Wageningen said.
  • Gasoil stocks fell slightly as expectations of colder weather in northern Europe in the coming days prompted more buying for heating fuel.
  • Jet fuel stocks also fell due to lower imports.