LONDON, April 16 (Reuters) - Northwest European diesel barge margins dropped below $20 a barrel on Tuesday, after data showed a large increase in imports into the region.
- Eight diesel barges totalling over 16,000 metric tons traded in the Platts afternoon window after two sessions where no barges traded.
- Diesel imports into Europe are set to reach 6.04 million metric tons in April, the highest since July 2023 and up sharply from March's 4.79 million tons, data from LSEG analyst Raj Rajendran showed.
- ARA gasoil stocks rose by 1.5% to 2.15 million metric tons in the week to April 11 as imports into the region from Asia rose while inland demand was limited, Dutch consultancy Insights Global said.
- Russia has been able to swiftly repair some of the key oil refineries hit by Ukrainian drones, reducing capacity idled by the attacks to about 10% from almost 14% at the end of March, Reuters calculations showed.
Trades Bids Offers Previous Seller Buyer Session 0.1 GO Barge May Maydiffs fob ARA -$22 -$18 per tonne
GO-ED-ARA 0.1 GO Cargo diffs cif NEW per tonne
GO-CND-NWE 0.1 GO Cargo diffs cif Med per tonne
GO-CND-MED 50ppm barge May diffs fob ARA -$10 per tonne
Diesel Trades Bids Offers Previous Seller Buyer Session Diesel barge May May May Shell, Gunvor diffs fob ARA -$1-$1. -$2 -$2 Litasc , per tonne 50 o Vitol,A> Diesel cargo May diffs cif NEW +$14.5 per tonne 0
Diesel cargo May Med +$4 diffs cif Med +$13per tonne
DL-CIFD-MED Jet fuel Trades Bids Offers Previous Seller Buyer
Session Jet fuel May +$37barge diffs fob FARAG per tonne
JET-BD-ARA Jet fuel CCM CCM cargo -$2 +$5 cif NEW per tonne
JET-CD-NWE
Fuel Oil Trades Bids Offers Previous Seller Buyer Session 0.5% barge $609-$611 $603-$60 BP, OEI, fob ARA per 5 (7 Total, BP tonne barges) Shell3.5% barge $485 $471-$47 Gunvor BP,
fob ARA per 2 (2 , OEI, tonne barges) Vitol, NorthHFO-ARA Total star ICE Low Sulphur Gasoil LGOc1 Previous
Diesel ARA Barge $19.62 $20 Cracks vs Brentfutures (per barrel) Diesel spread LGOc1-LGOc2
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