Skip to main content

ARA gasoline stocks up

Published by
Hydrocarbon Engineering,


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.

Read the article online at: https://www.hydrocarbonengineering.com/refining/20022017/ara-gasoline-stocks-up/

You might also like

API welcomes new clean water rule

The API has welcomed the EPA’s new clean water rule that brings clarity and certainty for business owners while protecting the environment.

 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

Downstream news Europe downstream news