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ARA gasoil stocks increase

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Hydrocarbon Engineering,

Gasoil stocks in independently held storage in the Amsterdam-Rotterdam-Antwerp (ARA) hub rose by nearly 9% in the week to Thursday 12th January 2017, according to data from Dutch consultancy PJK International.

The third consecutive week of increases came as imports rose from the US, and low water levels along the Rhine River prevented barges from leaving the hub for consumers throughout inland Europe.

“We’ve seen the contango widening, and also there were some increased imports from the United States,” said PJK analyst Patrick Kulsen. “And hinterland demand, the outlet, is still hampered due to low water levels.”

Stocks of light ends, including gasoline and naphtha, both fell as demand in export markets across the Americans pulled cargoes out of the region.

Incoming cargoes

  • Gasoline – France, Russia, UK.
  • Naphtha – France, UK.
  • Gasoil – India, Latvia, Russia, UK.
  • Fuel oil – Poland, Russia.
  • Jetfuel – None.

Outgoing cargoes

  • Gasoline – Brazil, Canada, Ecuador, France, Latin America, Pakistan, Singapore, US.
  • Naphtha – None.
  • Gasoil – UK.
  • Fuel oil – one VLCC arrived on the 31st, left on the 10th for Singapore.
  • Jetfuel – None.

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