ARA gasoil stocks rise on lower inland demand

LONDON: Gasoil stocks held in independent storage in the Amsterdam-Rotterdam-Antwerp (ARA) storage and refining hub rose nearly 7 percent in the week to Thursday on lower demand, according to data from Dutch consultancy PJK International.

Stocks rose to 2.31 million tonnes as exports from ARA up the Rhine river to German and Swiss consumers fell, PJK’s Patrick Kulsen said.

Gasoline stocks were little changed, while fuel oil stocks rose by over 4 percent as higher imports outweighed the export of a large tanker to Singapore, Kulsen said.