Gasoil Stockpiles Rise in Europe’s Oil-Trading Hub, PJK Says
Gasoil stockpiles in independent storage in Europe’s oil-trading hub gained for a third week to the highest in more than five months, according to PJK International BV.
Gasoil inventories in Amsterdam-Rotterdam-Antwerp increased 4.8 percent to 2.54 million metric tons in the week to today, according to PJK, a researcher in the Netherlands. That’s the highest since July 14. The fuel, which includes heating oil and diesel, arrived from Russia and the U.S. while cargoes were sent to the Mediterranean.
Gasoline (ARASGSLN) stockpiles rose for a fifth week, gaining 1.9 percent to 821,000 tons, PJK data shows. That’s the most since April 7. Cargoes arrived from France, Germany, Italy, Latvia, Russia and the U.K. while cargoes were sent to Cameroon, China, Mozambique, Saudi Arabia and Singapore.
Fuel oil grew 9.4 percent to 760,000 tons as supplies arrived from France, Poland, Russia and the U.K., the data showed. A shipment was going to Singapore aboard a very large crude carrier, it showed.
The following table shows the weekly inventory changes in thousands of tons for gasoline, naphtha, fuel oil and jet fuel in independent storage in Amsterdam-Rotterdam-Antwerp.