Naphtha Stockpiles Rise to Three-Year High in Europe’s Hub
Naphtha stockpiles in independent storage in Amsterdam-Rotterdam-Antwerp, Europe’s oil-trading hub, climbed to the highest level in more than three years, according to PJK International BV.
The inventories rose 8.6 percent to 152,000 metric tons in the week to today on imports from Russia and Spain, according to PJK, a researcher in the Netherlands. That’s the highest since Dec. 24, 2008.
Gasoil supplies decreased 2.4 percent to 2.27 million tons on cargo shipments to Algeria and Argentina, PJK data showed. Supplies of the fuel, which includes heating oil and diesel, arrived from Canada, Russia and the U.S., it showed.
Gasoline stockpiles dropped 4 percent to 695,000 tons on exports to the U.K., the U.S. and West Africa, the data showed.
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 695 -29 Naphtha 152 12 Gasoil 2,273 -55 Fuel Oil 761 -250 Jet 308 -3
To contact the reporter on this story: Nidaa Bakhsh in London at email@example.com
To contact the editor responsible for this story: Stephen Voss at firstname.lastname@example.org