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Refined product flows into West Africa scheduled at 1.2 million mt in March

London — Refined oil product arrivals into West Africa this month were scheduled at 1.197 million mt as of Thursday, compared with 1.371 million mt for February, according to Platts cFlow, trade flow software. Most of the volume was expected to be gasoline, with only 116,000 mt of gasoil expected for March, aside from VLCCs carrying gasoil currently anchored in the region. The 299,999 dwt Ascona was carrying ultra low sulfur diesel, while the 310,000 dwt Olympic Laurel was carrying higher sulfur gasoil and the 318,000 dwt Dijilah was carrying a mixture of the two grades. "The WAF gasoil market is quiet...there is not much demand at the moment," a trader said. Arrivals for April have also started to stack up, with three vessels already expected to arrive into the region at the beginning of the month adding up to a total of 127,000 mt of clean products. Gasoline flows into West Africa have remained steady, following a slowdown during the recent election in Nigeria. Stocks have remained at adequate levels, as a buoyant gasoline price has left it difficult to bring product into the region. The majority of demand for Northwest European barrels is coming from the US, as growing summer demand has been evident. That has led to much of the gasoline being blended into RBOB specification, reducing West African supply. "The US arbitrage is wide open. There is a lot of demand for RBOB components" one source said. --Christopher Ewen, christopher.ewen@spglobal.com --Solomon Lanitis, solomon.lanitis@spglobal.com --Virginie Malicier, virginie.malicier@spglobal.com --Edited by Dan Lalor, daniel.lalor@spglobal.com

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