LONDON, March 23 (Reuters) – Gasoline stocks at independently held storage in the Amsterdam-Rotterdam-Antwerp (ARA) hub fell by 24.4 percent to their lowest since November while fuel oil hit a record high in the week to Thursday, data from Dutch consultancy PJK International showed.
Gasoline stocks dropped to 889,000 tonnes as the motor fuel was exported to China, West Africa and the United States, PJK’s Patrick Kulsen said.
A lack of interest in exporting fuel oil from ARA on board very large crude carriers (VLCC) led stocks to rise to their highest since PJK began collecting the data in 1995.
Gasoil stocks fell marginally on demand for export, Kulsen said. The absence of barge loading restrictions thanks to adequate water levels on the Rhine river also contributed to the decline.
|Learn more on current and future market dynamics that impact the ARA tank storage sector in our revised ARA TT study.|
|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.|
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