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