LONDON, Sept 29 (Reuters) – Stocks of refined oil products held independently in the Amsterdam-Rotterdam-Antwerp oil hub rose by more than 6 percent in the week to Thursday, Dutch consultancy PJK International said.
Stocks were higher largely because low water levels on the Rhine were preventing barges from loading to full capacity and oil products were being stranded in the hub, said PJK’s Jacob van den Berge.
Higher imports from Russia also contributed to a rise in stocks.
Gasoil stocks were little changed despite busy exports to the Mediterranean as cargoes arrived into ARA from Russia and Saudi Arabia.
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.
|Incoming cargoes||Outgoing cargoes|
|Gasoline||Poland, Russia, Senegal, UK||Brazil, Nigeria, US|
|Naphtha||Algeria, France, Russia, UK||None|
|Gasoil||Russia, Saudi Arabia||Mediterranean|
|Fuel oil||France, Russia, UK||One VLCC expected to arrive on Oct. 3|
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