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Markets

ARA gasoline stocks rise 17pc

Published May 23, 2019 Updated May 23, 2019 03:03pm
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By Shoaib Ur RehmanReuters
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LONDON: Gasoline stocks in independent storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub rose by 17pc in the week to Thursday, data from Dutch consultancy Insights Global showed.

The sharp rise came despite strong exports from the region, including several tanker cargoes to north Germany, where a string of refinery issues has tightened supplies in recent weeks, Insight Global's Lars van Wageningen said.

The barge market was also busy over the past week due to strong inland demand, van Wageningen added.

Copyright Reuters, 2019

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