LONDON, July 21 (Reuters) – Gasoline stocks held independently in the Amsterdam-Rotterdam-Antwerp hub rose more than 12 percent to an all-time high in the week to Thursday, Dutch consultancy PJK International said.
“We saw less export volumes, that’s the main reason,” PJK’s Patrick Kulsen said of the rise in inventories of the motor fuel.
“It fits with the market. We have a contango structure, we have a stock rise in the U.S.,” Kulsen added.
Gasoil stocks fell by around 3 percent as import volumes into the hub declined and inland demand, particularly for diesel, improved from previous weeks, Kulsen said.
Jet fuel stocks fell slightly amid peak demand from airlines during the holiday season.
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.
|Incoming cargoes||Outgoing cargoes|
|Gasoline||Baltics, Russia, UK||Algeria, Brazil, Guinea, Mexico, U.S.|
|Fuel oil||Denmark, France, Lithuania, Poland, Russia||One VLCC arrived on July 18 and is expected to depart with part cargo to Singapore on July 23|
|Jetfuel||Bahrain, Saudi Arabia||None|
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