ARA product stocks fall to lowest this year – PJK – Reuters News

LONDON, May 3 (Reuters) – Total oil product stocks in independently held storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub fell to their lowest this year in the past week, data from Dutch consultancy PJK International showed.

Stocks stood at just over 5 million tonnes.

Fuel oil fell 13 percent to 1.02 million tonnes after a VLCC departed to Singapore, PJK’s Lars van Wageningen said.

Gasoline declined by over 7 percent on the back of busy exports on the transatlantic route and to West Africa, he added.

Strong inland demand pushed gasoil stocks down by 3.6 percent to 2.06 million tonnes.