Category: Bloomberg

ARA Gasoline Stores Drop as Flows Inland Surge: Insights Global

Bloomberg: ARA gasoline stockpiles declined by 10% in
the past week as more than four times as much gasoline as usual
headed inland to Germany and Switzerland, according to Insights
Global.
* Gasoline stockpiles – lowest since mid-May
** Gasoline was transported inland to Germany and
Switzerland in the past week, Patrick Kulsen, managing director
of Insights Global, says by phone
*** Compares with previous week, when flows were
already elevated due to disruption stemming from the Druzhba
halt
* * Gasoil/diesel stockpiles, highest
since mid-October and back above seasonal 5-year average
** Imports increased in the past week from the Middle East,
particularly Saudi Arabia, as well as U.S., Russia: Kulsen
** Strong inland demand for road diesel via Rhine also seen,
though flows not as elevated as gasoline
** MIDEAST-EUROPE FUEL FLOWS: Imports Rise to Multi-Month High
* Click here for full dataset

Reporter: Bill Lehane

(BFW) ARA Gasoline Stocks Fall as Druzhba Woes Drain Inland Supplies

(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

ARA Gasoline Stockpile Declines as WAF, U.S. Pull More: Insights

(Bloomberg) — Stockpiles of gasoline in independent
storage in Amsterdam-Rotterdam-Antwerp fall to the lowest for
time of year since 2015, according to Insights Global.
* Gasoline stockpiles – lowest since Aug. 30
** The past week has seen a lot of exports to West Africa, as
well as more shipments to the U.S., Lars Van Wageningen,
operations manager of Insights Global, says by phone
** Increased flows of gasoline also seen to inland markets by
barge along the Rhine: Van Wageningen
** READ (May 7): U.S. Gasoline Imports From Europe Rise to 8-
Month High: Customs
* Gasoil/diesel stockpiles – lowest since
March 21, remain slightly above 5-yr seasonal avg
** More volumes shipped inland via barge along Rhine while
weekly imports of diesel from Russia’s Primorsk, Ust-Luga ports
declined: Van Wageningen
* Naphtha stockpiles highest since March 28
** Inventories rose in past week due to higher imports from
Algeria
Reporter: Bill Lehane

Refinery Woes May Limit ARA Gasoline Stockpiles: Insights Global

(Bloomberg) — Stockpiles of gasoline in independent
storage in Amsterdam-Rotterdam-Antwerp slumped to the lowest in
five months as high exports continued to be seen to U.S. and
Latin America, according to Insights Global.
* Gasoline stockpiles – in the week to
Thursday, lowest since Nov. 15
** While exports to U.S., Latin America remained elevated over
past week, the arbitrage window is now less favorable,
potentially meaning lower exports in coming week, Lars Van
Wageningen, operations manager of Insights Global, says by phone
** Still, with some spring refinery maintenance still ongoing in
Europe as well as unplanned outages — such as at Germany’s
Shell Godorf last weekend — higher local demand may limit
recovery for stockpiles: Van Wageningen
* Gasoil/diesel stockpiles – remains above
seasonal avg
** Steady flows inland along Rhine, as well as exports to places
like Argentina, outweighed the impact of continuing imports from
Russia, U.S.: Van Wageningen
* Fuel oil stockpiles remains lowest for time
of year since 2014
** The arbitrage to Singapore has closed again, leading to some
restocking: Van Wageningen
* Jet fuel stockpiles, highest since May 2017
** Seasonal demand is not so strong yet, causing a lag in
drawdown of stockpiles amid the continuing arrival of imports:
Van Wageningen

Reporter: Bill Lehane

U.K. Union Could Seek Ballot on Strike at Stanlow Next Week

(Bloomberg) — The Unite union could decide as early as
next week to hold a ballot on strike action at Essar Stanlow
refinery, Regional Coordinating Officer Mick Chalmers says by
phone.
* Workers have until Monday to decide on whether to take
voluntary redundancy
* Majority of workers on the site are in the union
* NOTE: Essar is offering voluntary redundancies to about 184
employees that could be affected by the closure of chemicals
operations on the site
* NOTE: Union said March 15 that it would hold a vote on a
strike
* NOTE: Stanlow refinery can process 195k b/d, according to data
compiled by Bloomberg

Reporter: Bill Lehane