Fuel oil stocks held in independent storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub dropped by 12% in the week to Thursday, according to data from Dutch consultancy Insights Global.
* Fuel oil stocks fell as there was no imports this week, while exports picked up to the Mediterranean region, said Insights Global’s Lars van Wageningen.
* Gasoline stocks fell by 3% on high transatlantic exports and also exports to the Far East, van Wageningen said.
* Naphtha stocks increased by 6%.
* Gasoil stocks had a small increase due to low demand up the Rhine River and high exports to Mediterranean as prices were higher there, van Wageningen said.
Weekly ARA stocks (in '000 tonnes)
09/07/2020 09/07/2020 18/07/2019
Gasoline 1,254 1,295 1,227 STK-GL-ARA
Naphtha 470 445 214 STK-NAF-ARA
Gasoil 2,719 2,679 2,966 STK-GO-ARA
Fuel oil 1,304 1,485 1,129 STK-FO-ARA
Jet fuel 976 970 836 STK-JET-ARA
Incoming cargoes Outgoing cargoes
Gasoline France, North Sea, Arab Gulf, Canada,
Russia, Spain, Sweden China, MED, Puerto
Rico, Singapore, USA
Naphtha Algeria, Norway, none
Gasoil North Sea, Saudi Arab, France, MED, UK
Fuel oil Denmark, Finland, UK MED, USA, West Africa
Jet fuel none UK
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Source: Reuters (Reporting by Bozorgmehr Sharafedin; Editing by Amy Caren Daniel)