LONDON, June 7 (Reuters) - Northwest European diesel barge refining margins rose 4.7% on the week to close at around $17.45 a barrel on Friday.
- Six diesel barges traded in the Platts window, up from five in the previous session. Trafigura, Mercuria and Shell sold to Total, Hartree and Vitol.
- Margins rose on the week despite higher inventory levels in both the U.S. and Northwest Europe.
- Gasoil and diesel stocks held in independent storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub rose by over 1.4% during the week to Thursday, data from Dutch consultancy Insights Global showed.
- Stocks climbed to 2.26 million tons as demand from inland locations along the Rhine River slipped, Insight Global's Lars van Wageningen said.
- U.S. distillate stockpiles, which include diesel and heating oil, rose last by 3.2 million barrels to 122.5 million barrels, versus expectations for a 2.5-million-barrel rise, EIA data showed.
- Diesel arbitrage routes to Europe are largely unworkable, according to Sparta Commodities' James Noel-Beswick.
- Supplies from the Middle East and West Coast of India are instead heading to Asian buyers, while shipments from the U.S. to Europe are also unprofitable currently.
- Indonesia's state-owned energy firm's Pertamina Patra Niaga has issued its first spot purchase tender for sustainable aviation fuel delivering in August, three sources who received the document said on Friday.
- India's May sales of diesel, mainly used by trucks and commercially run passenger vehicles, rose by 1.8% year-on-year to 8.37 million tons in May.
Trades Bids Offers Previou Seller Buyer s Session 0.1 GO Bargediffs fob ARA per tonne
GO-ED-ARA 0.1 GO Cargo diffs cif NWE per tonne
GO-CND-NWE 0.1 GO Cargo Med Petroi ADD diffs cif Med 0.1% neos per tonne cargo
GO-CND-MED +$2.00 50ppm barge June diffs fob ARA -$0.50 per tonne
Diesel Trades Bids Offers Previou Seller Buyer s Session Diesel barge Jun June Trafig Total, diffs fob ARA Flat -$0.50 ura, Hartreper tonne (6 (5 Mercur e,) Shell Diesel cargo French Jul Cif NWE Trafig Total diffs cif NWE -$1 +$8 -$1 (Le ura per tonne (Amste Havre)NWE> Diesel cargo June Gunvor BP diffs cif Med +$18, ,
per tonne Med Aramco DL-CIFD-MED -$0.25(2 cargoe s) Jet fuel Trades Bids Offers Previou Seller Buyers Session Jet fuel Junbarge +$53 diffs fob FARAG per tonne
JET-BD-ARA Jet fuel Jul cargo +$53 cif NWE per tonne
JET-CD-NWE
Fuel Oil Trades Bids Offers Previous Seller Buyer
Session 0.5% barge $515-51 $518-$51 Total, United,fob ARA per 8 (6 9 BP, Northst tonne barges) OEI, ar, OEI Mercur ia, Trafig ura 3.5% barge $457 (9 $452-$45 Total, Peninsufob ARA per barges) 4 Gunvor la, tonne Shell,HFO-ARA Northst
ar ICE Low Sulphur Gasoil LGOc1 PreviousDiesel ARA Barge $17.45 $17.38 Cracks vs Brentfutures (per barrel) Diesel spread LGOc1-LGOc2
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