Gasoil stocks held in independent storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub fell by 4% in the week to Thursday as exports increased, according to data from Dutch consultancy Insights Global.
Gasoline stocks dropped by 1% as exports improved, mainly to the United States and Africa, Insights Global’s Lars van Wageningen said.
Jet kerosene stocks increased, mainly supported by imports from India, while lack of demand weighed, van Wageningen said.
Naphtha inventories also rose on more imports to the region.
Weekly ARA stocks (in '000 tonnes)
25/06/2020 18/06/2020 27/06/2019
Gasoline 1,373 1,387 1,240 STK-GL-ARA
Naphtha 569 520 186 STK-NAF-ARA
Gasoil 2,766 2,888 2,761 STK-GO-ARA
Fuel oil 1,502 1,521 1,233 STK-FO-ARA
Jet fuel 920 879 827 STK-JET-ARA
Incoming cargoes Outgoing cargoes
Gasoline Baltics, Finland, North Sea, Port
France, Russia, Spain Saeed, USA, West
Naphtha Algeria, Norway, none
Gasoil Russia, USA MED, South Africa,
UK, West Africa
Fuel oil Finland, Italy, Russia, Arab Gulf, MED
Jet fuel India UK
Source: Reuters (Reporting by Bozorgmehr Sharafedin; Editing by Shailesh Kuber)