Gasoil Stockpiles in Europe Fall to 3-Year Low, PJK Says
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Gasoil stockpiles in independent storage in Amsterdam-Rotterdam-Antwerp, Europe’s oil-trading hub, fell for a second week to the lowest level in almost three years, according to PJK International BV.
Gasoil inventories dropped 8.1 percent to 2.053 million metric tons in the week to today, according to PJK, a consultant in the Netherlands. That’s the least since December 2008. Supplies of the fuel, which includes heating oil and diesel, were sent to France and the U.K. while cargoes arrived from Russia and the U.S.