Petrol supply under pressure as stocks hit five-month low (The Post NZ)

Description

Supplied the analysis establishing that New Zealand petrol cover had fallen to 30.1 days, the lowest since early April, and identified the cause in arrival scheduling rather than in any supply failure. Quantified the contraction precisely: 20 million litres of petrol landed in the first half of September against 70 million in the same period a year earlier, following 240 million litres in August, with only one petrol cargo landed that month and the next sizeable Korean cargo not due until early October.

Identified a shift in the product mix, with 410 million litres of diesel and jet fuel landed or on the water in September against roughly 30 million litres of petrol, compared with about 184 million litres of petrol in September the previous year. Characterised 30 days of cover as not a crisis in itself while noting that the direction matters, and forecast continued decline in petrol cover unless additional cargoes are arranged before the October shipments arrive.

Subject

New Zealand petrol stock cover, refined product import scheduling and minimum stockholding obligations.