ARA product stocks down 3% -Insights Global

Total oil product stocks held in independent storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub fell by about 3% to 5.05 million tonnes in the week to Thursday, data from Dutch consultancy Insights Global showed.

Stocks of most products fell, except for fuel oil’s slight increase, the data showed.

Gasoil stocks fell by about 6% to 2.12 million tonnes and demand up the Rhine was stable, said Insights Global’s Lars van Wageningen.

Gasoline stocks fell 6% to 1.12 million tonnes as exports outpaced imports, Wageningen said.

Jet fuel stocks fell to their lowest since September 2014 at 418,0000 tonnes as demand to store the product in the hub dwindled, he added.

Weekly ARA stocks (in '000 tonnes)
    
              27/02/2020  20/02/2020  28/02/2019  
 Gasoline     1,123       1,196       1,121       STK-GL-ARA
 Naphtha      235         270         219         STK-NAF-ARA
 Gasoil       2,117       2,254       2,406       STK-GO-ARA
 Fuel oil     1,160       1,043       911         STK-FO-ARA
 Jet fuel     418         434         612         STK-JET-ARA
 
              Incoming cargoes         Outgoing cargoes
 Gasoline     Finland, Russia, UK      Mediterranean, Puerto
                                       Rico, West Africa
 Naphtha      France, Poland, UK       Mediterranean
 Gasoil       Baltics, Russia, U.S.    Germany, France,
                                       Norway, UK, West
                                       Africa
 Fuel oil     Poland, Russia, U.S.     Mediterranean
 Jet fuel     None                     UK

Source: Reuters (Reporting by Ahmad Ghaddar, Editing by David Goodman)