ARA hub gasoline stocks fall by 13 pct as exports pick up

LONDON, May 26 (Reuters) – Gasoline stocks in independently held storage in Europe’s Amsterdam-Rotterdam-Antwerp hub fell by more than 13 percent this week as demand for exports accelerated, particularly in Asia.

“There were big drops (on gasoline) due to less import volumes and export volumes rising to the Far East,” PJK’s Patrick Kulsen said.

Gasoil stocks also slid by 6 percent, to 2.784 million tonnes, their lowest since January, largely on strong demand in inland markets and the Mediterranean, both of which pulled cargoes in from ARA.

Overall stocks of oil products slid by 3.8 percent to a three-month low, PJK data showed.

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