ARA Gasoil Stocks Rise (Week 5 – 2021)
February 4, 2021 – Gasoil stocks held in independent storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub rose in the week to Thursday, data from Dutch consultancy Insights Global showed.
Gasoil inventories were up as severe weather and high level of water in Rhine River hampered trade and made some destinations unreachable, said managing director for Insights Global, Patrick Kulsen.
Gasoline stocks also rose due to low trade and weak consumption. Jet fuel stocks increased as the result of renewed lockdowns and low demand, said Kulsen. There were no exports from the region and no incoming cargoes.
Reporter: Thomas Warner