Jet Fuel Stockpiles Surge to 2-Year High in ARA: Insights Global

(Bloomberg) — ARA stockpiles of jet fuel rose to the
highest level in two years, buoyed by imports from Middle East
and Asia, according to Insights Global. Gasoline inventories
gain to multi-year seasonal high.
* Jet fuel stockpiles in independent storage in NW Europe , highest since May 2017
** Inventories also at multi-year seasonal high
* There has been a sharp increase in imports of jet fuel
arriving this week from U.A.E., South Korea, including larger
Aframax-size shipments, Lars Van Wageningen, operations manager
of Insights Global, said by phone
* Middle East shipments may now go to U.K. or Spain, rather than
* * Gasoil/diesel stockpiles, highest since mid-October
** Shipments arrived in past week from U.A.E., Russia, U.S.: Van
** Flows inland along Rhine, mostly diesel, remained high at
about 200k tons this week
** Inland restocking may be gathering pace while Rhine water
levels are high: Van Wageningen
** MIDEAST-EUROPE FUEL FLOWS: June Shipments Set to Remain
* Gasoline stockpiles, highest since mid-February and also high for the time of year
** Very little being exported to the U.S. due to lack of
arbitrage opportunity: Van Wageningen
** Increased volumes still coming in from U.K., Med, Scandinavia
to make up for reduced supply stemming from Druzhba crisis
** Refinery outages including Leuna and Cressier refineries
drawing extra volumes inland: Van Wageningen said
* EARLIER: Gasoil Stockpiles Rise in Europe’s ARA Region

Reporter: Bill Lehane