European Gasoil Stockpiles Rise to Four-Month High, PJK Says

Gasoil stockpiles in independent storage in Amsterdam-Rotterdam-Antwerp, Europe’s oil-trading hub, advanced to a four-month high, according to PJK International BV, a researcher in the Netherlands.

The inventories, which include heating oil and diesel, increased 0.8 percent to 2.41 million metric tons in the week to today, according to data by PJK. That’s the highest level since April 26. Cargoes arrived from Canada, Finland, Russia and the U.S., the data shows.

Jet fuel stores gained 7.1 percent to 395,000 tons as cargoes arrived from South Korea, according to PJK.

Gasoline stockpiles fell 14 percent to 618,000 tons, the data show. That’s the lowest level in a month.

Naphtha inventories dropped 21 percent to 126,000 tons as cargoes were exported to the U.S., according to PJK. That’s the least since July 5.

Fuel oil decreased 21 percent to 700,000 tons, the lowest since June 28, the data show.

The following table shows the weekly inventory changes in thousands of tons for gasoline, naphtha, fuel oil and jet fuel in independent storage in Amsterdam-Rotterdam-Antwerp.

                           1,000 Tons   Change
Gasoline                          618     -100
Naphtha                           126      -34
Gasoil                          2,411       18
Fuel Oil                          700     -183
Jet Fuel                          395       26

To contact the reporter on this story: Nidaa Bakhsh in London at nbakhsh@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net

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