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16-02-2012 RTRS-UPDATE 1-Weekly ARA gasoil stocks fall 3.6 pct-Kulsen

Weekly ARA gasoil stocks
Posted by Patrick Kulsen on 17 februari 2012 14:05:02
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Tags: ARA freight, Oil Trading, Research & Analysis
16-02-2012 RTRS-UPDATE 1-Weekly ARA gasoil stocks fall 3.6 pct-Kulsen
 
LONDON, Feb 16 (Reuters) - Gasoil stocks independently held in the 
Amsterdam-Rotterdam-Antwerp hub fell 3.6 percent week on week as the cold weather increased demand for heating oil, Dutch oil analyst Pieter Kulsen said on Thursday. 
 
Gasoil inventories fell to 2.675 million tonnes from 2.776 million as traders found alternatives to the iced-up canals that had impeded barge traffic in the previous week.
 
"It was possible to discharge barges along the Rhine, and the cold snap has supported demand from the end-consumer," said Kulsen.
  
He said the canals that have been blocked by ice are gradually reopening as temperatures have picked up this week, but it will take a while for all the channels to be fully cleared of ice.
  
"Storage depots need to be replenished as a result of the cold snap," Kulsen said. "But it is difficult to assess the impact on supply and demand yet - everyone is very cautious." 
 
Gasoil cargoes departed ARA for northwest Europe and the Mediterranean for orders, as well as Tunisia. Gasoil arrived at ARA from Canada, Lithuania, Norway, Russia and the United States. 

 
        16/02/12           09/02/12 17/02/11 
GASOLINE 677                          796 907 
NAPHTHA 55 48 56
GAS OIL 2,675                   2,776  2,655  
FUEL OIL 601                           771   619 
JET FUEL 632              591                728 

All figures in thousands of tonnes
 
Fuel oil stocks fell to 601,000 tonnes as electricity generating plants continued to draw to meet the extra demand for heating during the cold snap.  

Kulsen confirmed that fuel oil cargoes had departed to northwest Europe to meet power plant orders. "Basically Hamburg and Bordeaux, as well as the UK and Spain," he said.  

Fuel oil cargoes arrived from Brazil, France, Poland, Russia, the UK and United States.   

Gasoline stocks fell to 677,000 tonnes with cargoes departing for Mexico, Nigeria, Togo and the United States. Cargoes arrived from Finland, France, Poland, Russia and the UK.  

Naphtha and jet fuel stocks rose, naphtha to 55,000 tonnes and jet fuel to 632,000 tonnes, as demand remained muted in both markets.
  
Naphtha arrived from Latvia, and jet fuel from India, with draws by barges and petrochemicals for naphtha and pipeline flows for jet.
  
 COPYRIGHT NOTICE* - any unauthorised use, duplication or disclosure of ARA stocks data is prohibited without prior approval of PJK International B.V.   
  (Reporting by Claire Milhench and Zaida Espana; editing by Jason Neely)
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PJK International B.V. is a company active in the international petroleum industry. It supports commercial business processes at trading and transport companies in this sector by delivering tailor made market research and market analysis.
 
 
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PJK International B.V. is a company active in the international petroleum industry. It supports commercial business processes at trading and transport companies in this sector by delivering tailor made market research and market analysis.