October 17, 2016 [OPIS] - Fuel oil stocks are running low in Amsterdam, Rotterdam and Antwerp, but gasoline stocks are close to their five-year average, and jet and distillate stocks remain high, data from BNP Paribas showed.
The French Bank, which compiles data from analyst PJ Kulsen, saw fuel oil stored in independent tanks in the trading hub drop 2.1 million bbl over the week to Oct. 14 to leave them at 3.3 million bbl.
The draw left them almost 39% lower than last week, 50% lower than a year earlier, and almost 31% lower than the five-year average.
Gasoline stocks in ARA built a slight 300,000 bbl over the week to 5.6 million bbl, which was 15.3% lower than a year earlier but still 4.1% above the five-year average.
Distillate stocks, including diesel and gasoil, were little changed, gaining 100,000 bbl over the week to 22.7 million bbl.
Very low water levels on the Rhine have hampered trade up the waterway into Germany and Switzerland.
That left distillate stocks in ARA down 18.1% from a year earlier but up 19.9% on the five-year average.
Jet stocks drew 200,000 bbl over the week to leave them standing at 5 million bbl, down 13.1% from a year earlier but around 30% higher than the five-year average.
