News: Europe Distillates-Diesel margins climb on more buying

LONDON, April 29 (Reuters) - Northwest European diesel barge margins rose by 81 cents to just under $17 a barrel on Monday, supported by rising activity, but rising imports limited further gains.

• In the Northwest European diesel barge window, over 28,000 metric tons of barges traded on Monday, sharply higher than the previous session's 12,500 tons.
• Shell and Unipec sold to BP, TotalEnergies, Vitol, Gunvor and Hartree.
• European diesel margins are coming under pressure from high imports and lacklustre demand.
• As much as 1.2 million barrels per day (bpd) of diesel and gasoil is due to arrive from east of Suez to the Atlantic Basin in April, according to Vortexa. That is up from 900,000 bpd in March.
• "The rising flows are partly due to higher flows from Saudi Arabia and India, both historically large suppliers to Europe," said Jay Maroo, head of market intelligence and analysis at Vortexa.
• The Slavyansk oil refinery in Russia's Krasnodar region has been forced to suspend some operations after being damaged in a Ukrainian drone attack, the state TASS news agency cited an executive overseeing the plant as saying on Saturday.

				Trades   Bids   Offers  Previous  Seller  Buyer 
										Session			
 0.1 GO Barge											  

diffs fob ARA per tonne

GO-ED-ARA 0.1 GO Cargo diffs cif NWE per tonne

GO-CND-NWE 0.1 GO Cargo diffs cif Med per tonne

GO-CND-MED 50ppm barge diffs fob ARA per tonne Diesel Trades Bids Offers Previous Seller Buyer

										Session			
 Diesel barge   May -$1				 May -$1   Shell,  Gunvor 

diffs fob ARA (28.25K (12.5KT) Unipec , BP,

 per tonne	  T)										TotalE 
 
 A>													   s, 
														  Vitol, 
														  Hartre 
														  e 
 Diesel cargo			June							  
 diffs cif NW			+$9								E														  per tonne												  													   Diesel cargo			Med								diffs cif Med		   -$3								per tonne												 
  DL-CIFD-MED																										  Jet fuel	   Trades   Bids   Offers  Previous  Seller  Buyer 
										Session			
 Jet fuel				FBH	FBH						
 barge				   -$2.5  flat						diffs fob												  FARAG													  per tonne												 
  JET-BD-ARA											   
 Jet fuel				CCM			CCM -$3			
 cargo				   flat							  
 cif NEW per												tonne													 
  JET-CD-NWE											   
 Fuel Oil	 Trades	 Bids	Offers  Previous  Seller  Buyer 
										 Session			
 0.5% barge   $579-$582				  $590.50   Glenco  OEI, 

 fob ARA per  (6						 (1		re,	 North 
 tonne		barges)					barge)	TotalE  star, 
												   nergie  Unite 
												   s	   dBunk 
														   ering 
														   , BP 
 3.5% barge   $484 (one				  $485 (1   Gunvor  Unite 

 fob ARA per  barge)					 barge)			d 
 tonne													 Bunke 
  HFO-ARA												  ring  ICE Low Sulphur Gasoil   LGOc1		   Previous 
 Diesel ARA Barge		$16.97		   $16.16 
 Cracks vs Brent						   
 futures (per barrel)					   Diesel spread			LGOc1-LGOc2