ARA gasoline stocks drop by 9% on the week -Insights Global

Gasoil stocks fell as demand up the Rhine River remained stable

  
Image used for illustrative purpose. A section of the BP Eastern Trough Area Project (ETAP) oil platform is seen in the North Sea, around 100 miles east of Aberdeen in Scotland February 24, 2014.

Image used for illustrative purpose. A section of the BP Eastern Trough Area Project (ETAP) oil platform is seen in the North Sea, around 100 miles east of Aberdeen in Scotland February 24, 2014.

REUTERS/Andy Buchanan

LONDON- Gasoline stocks held in independent storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage area fell by almost 9% in the week to Thursday, data from Dutch consultancy Insights Global showed.

* Gasoline inventories fell to lowest level since December 2019 due to strong exports to the United States, said Insights Global's Lars van Wageningen.

* Gasoil stocks fell as demand up the Rhine River remained stable after disruptions from flooding last week, Wageningen said.

* Fuel oil stocks slightly rose due to a lack of export opportunities.

*COPYRIGHT NOTICE* - Any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without the prior approval of PJK International B.V.

(Reporting by Bozorgmehr Sharafedin; editing by David Evans) ((bozorgmehr.sharafedin@thomsonreuters.com; Twitter: @bozorgmehr;))


More From Markets