Gasoline stocks in independently held storage in the Amsterdam-Rotterdam-Antwerp (ARA) hub rose by 22.9% to their highest since late January in the week to Thursday, data from Dutch consultancy PJK International showed.
Stocks rose on a slowdown in exports, particularly to the US, where stocks last week hit a record high, PJK’s Patrick Kulsen said. But cargoes still found outlets in Asia Pacific, Latin America and West Africa.
Gasoil inventories fell by 2.8% because of inland demand and exports from the hub to other northwest European locations and the Mediterranean region, Kulsen said. Fuel oil stocks rose by 8.7% on rising imports from Russia.
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