Large
imports of U.S. diesel boosted Amsterdam-Rotterdam-Antwerp diesel and
gasoil stocks to a six-week high in the week to June 29, Breda-based oil
storage consultancy PJK International said today.
Combined gasoil and diesel stocks were up 78,000 tons, or 2.7%, over the week to 2,945,000 tons, PJK said.
The rise in U.S. imports compensated for low imports from the Middle
East, while loading restrictions along the Rhine river also served to
cap barge movements, the consultancy added.
Ample diesel stocks have coincided with some ARA-bound vessels diverting to other ports.
The BW Cheetah, previously heard bound from the U.S. for northwest
Europe, started signaling that it will discharge its 38,000-ton cargo at
Jorf Lasfar.
The STI Texas City, chartered by Valero to haul 38,000 from the U.S. for an Amsterdam discharge, is now signaling for Pembroke.
Two U.S.-loading vessels, the Seaways Sifnos and the Elka Hercules,
have, however, started to signal for Amsterdam and Rotterdam,
respectively.
Jet stocks rose by 34,000 tons, or 5.5%, to 655,000 tons in the week
to June 29 despite the onset of higher summer demand, said PJK. Aviation
stocks were boosted by two large cargoes arriving from the United Arab
Emirates and Bahrain.
Fuel oil held in independent storage rose by 29% in just a single
week, said the consultancy. No VLCCs departed any of the ARA ports over
the last week, while three Aframaxes arrived from Russia.
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