LONDON, March 28 (Reuters) - Northwest European diesel barge dropped to $23.1 a barrel on Thursday, its lowest since July 2023, as imports into the region were set to rise this month.
- Around 83,000 metric tons of diesel barges traded in the Platts window, up sharply from 42,000 tons on Wednesday.
- More than a fifth of global oil refining capacity is at risk of closure, energy consultancy Wood Mackenzie found in an analysis published on Thursday, as gasoline margins weaken and the pressure to reduce carbon emissions mounts.
- Russia's Kuibyshev mid-sized oil refinery near the city of Samara on the Volga river has halted all production following damage from a Ukrainian drone attack last week, two industry sources told Reuters on Thursday.
- U.S. distillate stockpiles USOILD=ECI , which include diesel and heating oil, fell by 1.2 million barrels last week to 117.3 million barrels, versus expectations in a Reuters poll for a 0.5-million-barrel rise, Energy Information Administration data showed.
- Diesel and gasoil imports into Europe are set to reach 870,000 barrels per day (bpd) this month, Kpler data showed, up from 810,000 bpd in February.
Trades Bids Offers Previous Seller Buyer Session 0.1 GO Barge Apr Total Vitoldiffs fob ARA -$21 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 April diffs fob ARA -$4 per tonne
Diesel Trades Bids Offers Previous Seller Buyer Session Diesel barge Apr April Shell, Total, diffs fob ARA $2-$4 +$3-$5 Litasc Vitol,per tonne (42.40KT o GunvorA> Diesel cargo April April diffs cif NWE +$15 +$19 per tonne (Immingh
Diesel cargo diffs cif Med per tonne DL-CIFD-MED Jet fuel Trades Bids Offers Previous Seller Buyer
Session Jet fuelbarge diffs fob FARAG per tonne
JET-BD-ARA Jet fuel cargo cif NWE per tonne
JET-CD-NWE
Fuel Oil Trades Bids Offers Previous Seller Buyer Session 0.5% barge $589 $583 Vitol Unite fob ARA per dtonne 3.5% barge $466-$467 $462-$46 Total, Unite
fob ARA per 3 Gunvor d, tonne PeninHFO-ARA sula ICE Low Sulphur Gasoil LGOc1 Previous
Diesel ARA Barge $23.1 $24 Cracks vs Brentfutures (per barrel) Diesel spread LGOc1-LGOc2
- Forums
- Commodities
- News: Europe Distillates-Diesel margins drop to lowest since July 2023