ARA stocks slip, but gasoil stays near record high

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.

 

17/12/2015 10/12/2015 18/12/2014
Gasoline 816 781 759
Naphtha 143 95 213
Gasoil 3,742 3,775 2,653
Fuel oil 1,035 1,187 629
Jet fuel 803 853 527

 

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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