ARA jet fuel stockpiles hit new record high – Insights Global

Jet fuel stocks held in independent storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub hit a new record high in the week to Thursday, according to data from Dutch consultancy Insights Global.

* Gasoline stocks were also higher on the week and on the year as some floating storage of the fuel is moving into onshore tanks, but local demand and exports across the Atlantic and to West Africa are also picking up, said Insights Global’s Lars van Wageningen.

* Gasoil stocks also rose with weak demand inland along the river Rhine where tanks are still full, but local demand is also expected to pick up.

* Fuel oil stocks fell slightly as there is some demand in the Middle East, but bunkering demand from the shipping industry continues to be weak, van Wageningen said.

 Weekly ARA stocks (in '000 tonnes)
              09/07/2020  02/07/2020  11/07/2019  
 Gasoline     1,295       1,252       1,096       STK-GL-ARA
 Naphtha      445         503         242         STK-NAF-ARA
 Gasoil       2,679       2,614       2,811       STK-GO-ARA
 Fuel oil     1,485       1,533       1,038       STK-FO-ARA
 Jet fuel     970         944         796         STK-JET-ARA
              Incoming cargoes         Outgoing cargoes
 Gasoline     Baltics, N. Sea for      Canada, E. Africa,
              orders, Norway, Russia,  Mexico, Port Said,
              UK                       United States, W.
 Naphtha      Algeria, Norway, Spain   none
 Gasoil       N. Sea for orders, S.    France, Ireland,
              Korea                    Italy, UK
 Fuel oil     Finland, France,         Mideast Gulf
              Russia, UK               
 Jet fuel     S. Korea                 UK

Source: Reuters (Reporting by Shadia Nasralla; Editing by Mark Potter)

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