ARA oil product stocks up over 10 pct – PJK – Reuters News

LONDON, May 17 (Reuters) –

  • Total oil product stocks in independently held storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub rose by over 10 percent in the week to Thursday to around 5.5 million tonnes, data from Dutch consultancy PJK International showed.
  • Fuel oil stocks rose 22 percent on high stock building and a lack of exports on board VLCC’s, PJK’s Lars van Wageningen said.
  • Gasoil stocks rose nearly 10 percent on low demand from inland locations, van Wageningen said.
  • High imports outweighed gasoline exports from the region during the week, leading to a 4 percent rise in stocks.