ARA gasoline stocks recover from four-month low

LONDON, March 30 (Reuters) – Gasoline stocks at independently held storage in the Amsterdam-Rotterdam-Antwerp (ARA) hub rose 10 percent last week, recovering from a four-month low, while fuel oil hit a fresh peak, data from Dutch consultancy PJK International showed.

Gasoline stocks rose to 981,000 tonnes, helped by cargos coming from France, Russia and the UK, PJK’s Patrick Kulsen said. Naphtha inventories meanwhile slipped thanks to strong blending demand from Asia.

Fuel oil stocks reached 1.545 million tonnes last week, a record since PJK began collecting data in 1995, with little interest in exporting from ARA on board very large crude carriers (VLCC).

Gasoil stocks rose although the build was linked more to lower regional demand rather than cargos coming in, Kulsen said.

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