ARA gasoline stocks drop 9.4pc in past week

LONDON: Gasoline stocks in independent storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub fell by 9.4pc in the week to Thursday, data from Dutch consultancy Insights Global showed.

The fall was prompted by busy export activity, particularly to the United States following a fire at a major refinery in Philadelphia, Lars van Wageningen of Insights Global said.

Gasoil stocks rose 6.3pc on higher imports from India, Russia and the United States but demand up the Rhine river was fairly strong, van Wageningen said.