ARA gasoil stocks increase
Published by Francesca Brindle,
Editorial Assistant
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.
Read the article online at: https://www.hydrocarbonengineering.com/refining/16012017/ara-gasoil-stocks-increase/
You might also like
Hydrocarbon Engineering Podcast
Mike Logue, Owens Corning Global Business Director – Mechanical Insulation, delves into factors that can support the performance, safety and longevity of insulating systems installed in hydrocarbon processing environments, including cryogenic facilities.
SAF production soars high in the US with new capacity
US sustainable aviation fuel production has taken off as new capacity comes online, according to a recent report from the US Energy Information Administration.
