ARA total product stocks fall on Pernis outage

LONDON, Aug 3 (Reuters) – Total oil product stocks at the Amsterdam-Rotterdam-Antwerp refining and storage hub fell by 4.7 percent to 5.42 million tonnes in the week to Thursday following an unplanned outage at Europe’s largest refinery, data from Dutch consultancy PJK International showed.

“Stocks … show a decline almost at all product levels except for gasoline and that has to do with the Pernis outage,” PJK’s Jacob van den Berge said.

Royal Dutch Shell shut most units at the 404,000-barrel-per-day Pernis plant in the Netherlands following a power outage caused by a fire on the evening of July 29.

Shell said the earliest restart expected for the refinery is the second half of August.

Gasoline stocks rose on the week due to higher import volumes and as export volumes to West Africa and Asia Pacific slowed, van den Berge said. He added that exports to the United States, however, were at a higher level that the previous week.

Learn more on current and future market dynamics that impact the ARA tank storage sector in our revised ARA TT study.
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