ARA gasoline stocks rise sharply

LONDON, Dec 3 (Reuters) – Gasoline stocks independently held in the Amsterdam-Rotterdam-Antwerp (ARA) hub rose sharply in the week to Thursday, data from Dutch consultancy PJK International showed.

Gasoline stocks were up by more than 20 percent at 758,000 tonnes, according to the data, as exports from the region slowed, PJK’s Patrick Kulsen said.

“There was a big increase in gasoline due to lower exports. The increase was seen across multiple terminals,” Kulsen said.

ARA gasoil stocks also rose due to an increased flow of imports and stronger storage incentives due to a sharp discount of prompt prices to future values, in what is known as contango.

Mild weather in northwest Europe put further pressure on demand while a revival of water levels along the Rhine river after months of barge traffic disruptions did little to spark demand, Kulsen said.

Weekly ARA stocks (in ‘000 tonnes)

 

03/12/2015 26/11/2015 04/12/2014
Gasoline 758 625 579
Naphtha 188 173 269
Gasoil 3,672 3,584 2,578
Fuel oil 1,113 1,217 744
Jet fuel 846 761 476

 

Incoming cargoes Outgoing cargoes
Gasoline France, Italy, Sweden, UK China, Latin America, USA and West Africa
Naphtha Germany, Russia None
Gasoil Nigeria, Russia, Saudi Arabia, UK, USA None
Fuel oil France, Norway, Poland, Russia, UK 2 VLCCs departure exp. Dec. 3 for Singapore
Jet fuel South Korea, UAE None

 

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