Weekly ARA gasoline stocks fall on strong exports

LONDON, Aug 15 (Reuters) – Gasoline stocks independently held in Europe’s Amsterdam-Rotterdam-Antwerp hub dropped 23.1 percent in the week to Aug. 15 due to large exports to North America and West Africa, Dutch oil analyst Patrick Kulsen said.

European gasoline shipments to North America amounted to around 110,000 tonnes and to West Africa around 60,000 tonnes, Kulsen said on Thursday.

Gasoil stocks in ARA rose this week by 4.2 percent on the back of strong imports from Russia. Around 840,000 tonnes are expected to arrive from Russia to the region in August, according to traders.

Gasoil inventories rose to 2.041 million tonnes from 1.958 million tonnes. Stocks of other products all decreased.

Naphtha stocks declined 27.1 percent to 86,000 tonnes as demand from the petrochemical industry in Germany rose, Kulsen said.

Fuel oil stocks dropped 15.5 percent to 700,000 as a VLCC was loading for planned departure from the region to Singapore on Aug. 17.

15/08/13 08/08/13 16/08/12
GASOLINE 602 783 638
NAPHTHA 86 118 188
GAS OIL 2,041 1,958 2,403
FUEL OIL 700 829 837
JET FUEL 413 427
All figures in thousands of tonnes
Incoming cargoes Outgoing cargoes
GASOLINE Britain, Denmark, Estonia, France, Norway Britain, Canada,Indonesia, Mexico,Nigeria, U.S.
GAS OIL Russia
FUEL OIL Britain, Poland,Russia, Spain, U.S. Singapore (loading)
JET FUEL South Korea

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