ARA product stocks up 6 pct, led by fuel oil - PJK

LONDON, Sept 28 (Reuters) - Total oil product stocks held in independent storage facilities at the Amsterdam-Rotterdam-Antwerp refining hub rose more than 6 percent to 5.72 million tonnes in the week to Thursday, according to data from Dutch consultancy PJK International. Fuel oil stocks were up nearly 17 percent to 1.29 million tonnes due to high import levels, particularly from the Baltics, and limited exports to main destination Singapore, PJK analyst Jacob van den Berge said. He added the arbitrage to Asia from northwest Europe was now looking more attractive and more tankers were expected to come to Rotterdam to ship fuel oil in the coming weeks. Gasoline was up around 3 percent with loadings to the United States muted throughout the week, ven den Berge said. Gasoil stocks were up marginally with inland demand for the product seen weak.

Weekly ARA stocks (in '000 tonnes) 28/09/2017 21/09/2017 29/09/2016

Gasoline 839 815 756 <STK-GL-ARA> Naphtha 274 269 296 <STK-NAF-ARA> Gasoil 2,606 2,589 3,194 <STK-GO-ARA> Fuel oil 1,290 1,103 778 <STK-FO-ARA> Jet fuel 708 603 689 <STK-JET-ARA> Incoming cargoes Outgoing cargoes Gasoline France, Italy, Sweden, Brazil, Latin America U.K. for orders, Libya,

Mexico, Middle East for orders, West Africa for orders

Naphtha Algeria, France, None

Portugal, U.K.

Gasoil Asia, Norway, Russia, Argentina, Brazil, U.K.

Saudi Arabia

Fuel oil France, Lithuania, Part cargo for Singapore

Poland, Russia, U.K.

Jet fuel Bahrain, South Korea, None


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(Reporting by Ron Bousso; Editing by Adrian Croft and Mark Potter)