(Bloomberg) — Stockpiles of gasoline in independent
storage in Amsterdam-Rotterdam-Antwerp in the past week fell to
the lowest since August as the Russia oil-contamination crisis
drained inland supply of the motor fuel, according to Insights
Global.
* Gasoline stockpiles – week to Thursday,
lowest for time of year since 2015
** The Russia oil contamination issue is affecting inland supply
by hampering operations of some refineries, Lars van Wageningen,
operations manager of Insights Global, says by phone; says ARA
inventories are falling as more gasoline moves up the Rhine to
replace missing volumes and inland oil product terminals look to
replenish their supplies
** Export flows to the U.S. have also increased in the past
week, and shipments to West Africa are also still “quite hefty”:
Van Wageningen
* * Fuel oil stockpiles, highest since Jan.
24; moves back above 5-year seasonal avg
** Inventories gained on stockbuilding for future arbitrage
shipments, Van Wageningen says, adding that while arb economics
to Singapore were unfavorable in past week they look to be
improving
** VLCC ADS Serenade is in Rotterdam, tanker-tracking data
compiled by Bloomberg show; the tanker is due to load fuel oil
in coming weeks: Van Wageningen

Reporter: Bill Lehane