LONDON, April 26 (Reuters) - Northwest European diesel barge margins edged 14 cents lower on the day on Friday to about $16.16 a barrel, ending the week down by just over 5%.
- In the Northwest European diesel barge window, a total of 12,500 metric tons of barges traded on Friday, up from 8,100 tons in the previous session.
- 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.
- Gasoil stocks held in independent storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub rose 2.5% to 2.18 million tons in the week to Thursday, data from Dutch consultancy Insights Global showed. STK-GO-ARA
- High imports from the Middle East helped offset a slight uptick in demand to drive stocks higher, Insights Global's Lars van Wageningen added.
- Meanwhile, Russia's diesel and gasoline production stabilised in April, according to the government citing Energy Ministry data, while supplies to the domestic market were reported to exceed 2023 volumes.
Trades Bids Offers Previous Seller Buyer Session 0.1 GO Barge Maydiffs fob ARA -$20. per tonne 50
GO-ED-ARA 0.1 GO Cargo May diffs cif NWE +$4 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 BP,diffs fob ARA (12.5KT (8.1KT) Glenco per tonne ) re,A> Diesel cargo diffs cif NW E per tonne
Diesel cargo Med Med diffs cif Med -$0.5 +$2.50 per tonne 0 DL-CIFD-MED Jet fuel Trades Bids Offers Previous Seller Buyer
Session Jet fuel FBHbarge -$3 diffs fob FARAG per tonne
JET-BD-ARA
Jet fuel CCM -$3 May Vitol Unipec cargo +$49.50cif NEW per tonne
JET-CD-NWE
Fuel Oil Trades Bids Offers Previous Seller Buyer Session 0.5% barge $590.50 $577 (1 Totsa OEIfob ARA per (1 barge) barge) tonne 3.5% barge $485 (1 $479 (1 Gunvor Penin
fob ARA per barge) barge) sula tonneHFO-ARA ICE Low Sulphur Gasoil LGOc1 Previous
Diesel ARA Barge $16.16 $16.30 Cracks vs Brentfutures (per barrel) Diesel spread LGOc1-LGOc2
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LONDON, April 26 (Reuters) - Northwest European diesel barge...
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