Weekly ARA gasoline drop to lowest since Jan. 15

LONDON, April 30 (Reuters) – ARA gasoline stocks held in independent storage at Europe’s Antwerp-Rotterdam-Amsterdam hub dropped in the week to Thursday to their lowest level since January 15 at 695,000 tonnes, Dutch consultant PJK International said.

Strong demand from West Africa, the Middle East and the U.S. East Coast has supported gasoline refining margins in the region while seasonal refinery maintenance further limited supplies.

Gasoil stocks remained stable, slightly rising to 2.667 million tonnes, significantly higher than a year earlier, according to PJK.

Weekly ARA stocks (in ‘000 tonnes)

 

30/04/2015 23/04/2015 01/05/2014
Gasoline 695 894 994
Naphtha 233 187 76
Gasoil 2,667 2,634 1,645
Fuel oil 743 1,157 716
Jet fuel 632 639 365

 

Incoming cargoes Outgoing cargoes
Gasoline Denmark, Lativa, Russia, UK Middle East, Mexico, US
Naphtha Denmark, Poland, Portugal, Russia None
Gasoil Latvia, Russia, USA Germany
Fuel oil France, Germany, Lithuania, Russia, UK One VLCC planned to depart for Singapore on May 5 with part cargo
Jet fuel Saudi Arabia, UAE None

 

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