LONDON, Jan 7 (Reuters) – Gasoline stocks in the Amsterdam-Rotterdam-Antwerp (ARA) storage hub rose by 9 percent on the week despite export demand to the United States and West Africa as a wide contango encouraged storage buying, according to Dutch consultancy PJK International.
Naphtha stocks fell by 39,000 tonnes as petrochemical plants in northwest Europe showed buying appetite for the feedstock. Backwardation in the paper market also contributed to stocks falling, PJK’s Patrick Kulsen said.
Gasoil stocks were up by more than 6 percent because of high supplies entering the region from the Baltic, Russia and the United States.
Fuel oil inventories were up 11 percent and no VLCCs have been booked this week or last to load on the Rotterdam to Singapore route, Kulsen said. VLCCs typically carry about 270,000 tonnes of fuel oil.
|Incoming cargoes||Outgoing cargoes|
|Gasoline||France, Russia, Turkey, UK||Brazil, Ghana, Mexico, Saudi Arabia, UK, West Africa|
|Gasoil||Baltic, Russia, U.S.||Finland|
|Fuel oil||Estonia, Russia, France, UK||None|
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.
*COPYRIGHT NOTICE* – any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.