Gasoil stocks drop at ARA trading hub

LONDON, April 18 (Reuters) – Gasoil stocks independently held in Europe’s Amsterdam-Rotterdam-Antwerp hub dropped by 4.6 percent this week due to strong demand in the region, data from Dutch oil analyst Patrick Kulsen showed on Thursday.

“There has been strong demand for gasoil in the hinterland,” Kulsen said, referring to inland markets in Germany, France and the Benelux countries.
Gasoline inventories at the hub declined slightly from last week’s levels, their highest in five years, but were still 33 percent higher than a year ago, the data showed.

Gasoline cargoes came in from Britain, France, Latvia, Malta and departed for China, Mexico, Nigeria, Togo and the United States.

There were no incoming or outgoing naphtha cargoes for the second week in a row, highlighting the recent weakness in the market as a result of low demand from gasoline blenders and the petrochemical industry.

One gasoil cargo arrived from Russia and one vessel departed for Argentina, according to Kulsen.

18/04/13 11/04/13 19/04/12
GASOLINE 1,025 1,050 773
NAPHTHA 108 107 79
GAS OIL 2,341 2,453 2,610
FUEL OIL 768 686
JET FUEL 319 374

All figures in thousands of tonnes

Fuel oil inventories rose 12 percent as a VLCC scheduled to depart for Singapore on Thursday was still loading in several ARA ports, Kulsen said.
Fuel oil cargoes arrived from Brazil, Estonia, France, Poland and Russia.

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