Gasoline stocks held in independent storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub fell by almost 9% in the week to Thursday, according to data from Dutch consultancy Insights Global.
Gasoline inventories dropped as exports to the United States and Latin America picked up, while local production remained low and imports to the region was subdued, Insights Global’s Lars van Wageningen said.
Naphtha stocks dropped by 12% as demand in petrochemicals remained stable and there were no incoming cargoes, van Wageningen said.
Gasoil inventories also dropped by 5%.
Weekly ARA stocks (in '000 tonnes)
02/07/2020 25/06/2020 04/07/2019
Gasoline 1,252 1,373 1,124 STK-GL-ARA
Naphtha 503 569 231 STK-NAF-ARA
Gasoil 2,614 2,766 2,934 STK-GO-ARA
Fuel oil 1,533 1,502 1,210 STK-FO-ARA
Jet fuel 944 920 808 STK-JET-ARA
Incoming cargoes Outgoing cargoes
Gasoline France, Italy, Russia, Arab Gulf, Canada,
Sweden, UK Caribbean, Mexico,
USA, West Africa
Naphtha Russia, UK none
Gasoil Saudi Arabia, France, MED, UK, West
Singapore, USA Africa
Fuel oil Finland, France, MED, West Africa
Jet fuel UAE UK
Source: Reuters (Reporting by Bozorgmehr Sharafedin;Editing by Elaine Hardcastle)