LONDON, Dec 17 (Reuters) – Gasoil stocks independently held in the Amsterdam-Rotterdam-Antwerp (ARA) hub fell back from a record high in the week to Thursday, data from Dutch consultancy PJK International showed.
Gasoil stocks, which include diesel and heating oil, fell slightly despite weak demand as companies looked to limit their end-of-year stocks.
Stocks of light ends, including gasoline and naphtha, both rose as refineries ran full steam to take advantage of strong margins, PJK analyst Patrick Kulsen said.
“Due to the large crack spread, production is quite high,” Kulsen said. “Inland refineries are shipping more gasoiline than usual” up the Rhine and into ARA storage tanks.
|Incoming cargoes||Outgoing cargoes|
|Gasoline||Denmark, France, Portugal, Spain and Sweden||Argentina, China, US, WAF|
|Naphtha||France, Russia, UK||Singapore|
|Gasoil||Baltic, UK, US||UK|
|Fuel oil||France, Lithuania, Poland, Russia, UK||One VLCC departed for Singapore on December 14, while a second is loading and will depart the December 19|
|Jet fuel||Bahrain, India, Indonesia, Kuwait, South Korea, UAE||None|
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