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
Jet fuel S. Korea UK
Source: Reuters (Reporting by Shadia Nasralla; Editing by Mark Potter)