News: Europe Distillates-Diesel cracks edge lower as ARA stocks rise

LONDON, Aug 22 (Reuters) - Northwest European diesel barge refining cracks edged 26 cents lower to around $16.30 a barrel on Thursday, as independently-held inventories in Amsterdam-Rotterdam-Antwerp (ARA) rose on the week according to data from Dutch consultancy Insights Global.

• Just one 2,000 metric ton barge of 10ppm diesel traded in the Platts window on Thursday, which BP sold to Mabanaft.
• ARA gasoil stocks rose by around 3.2% on the week to 2.35 million tons, Insights Global data showed.
• With prompt gasoil prices under pressure, a growing contango structure LGOc1-LGOc2 on the gasoil forward curve is helping incentivise putting product into storage, Insights Global's Lars van Wageningen said.
• Gasoil stocks also rose following the arrivals of large cargoes into Europe on Aframax and Suezmax vessels, van Wageningen added.
• Jet fuel stocks rose 6.4% on the week to 969,000 tons. Demand for jet fuel remains firm for now, though it could soon dip as the peak of the summer travel season has passed, van Wageningen said.
• U.S. distillate stockpiles USOILD=ECI , which include diesel and heating oil, fell by 3.3 million barrels last week to 122.8 million barrels, versus expectations in a Reuters poll for a 215,000 barrel drop, Energy Information Administration data showed.
• Singapore's middle distillates inventories fell 5% from last week, snapping three weeks of gains as a jump in net jet fuel/kerosene exports outweighed declines in diesel/gasoil net exports, official data showed on Thursday.
• Russia has started to use vessels under European Union sanctions for oil products exports, LSEG and market sources data showed.

				 Trades  Bids	Offers  Previou  Seller  Buyer 
										 s				 
										 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 Sep diffs fob ARA -$1 per tonne Diesel Trades Bids Offers Previou Seller Buyer

										 s				 
										 Session		   
 Diesel barge	Sep					 Sept	 BP	  Mabana 
 diffs fob ARA   -$1.75				  -$2 /			ft 
 per tonne	   (2KT)				   -$1.75			
 
 >									   barges)		   
 Diesel cargo	Sep							  Litasc  Glenco 
 diffs cif NWE   +$6							  o	   re 
 per tonne												 
 													   
 Diesel cargo			Sep	 Sep					   
 diffs cif Med		   +$6.5   +$7.50					
 per tonne												 
  DL-CIFD-MED																										  Jet fuel		Trades  Bids	Offers  Previou  Seller  Buyer 
										 s				 
										 Session		   
 Jet fuel barge				  FBH	 FBH			   
 diffs fob					   flat	flat			  
 FARAG													  per tonne												 
  JET-BD-ARA												Jet fuel cargo				  Sep						cif NWE per					 +$45					   tonne													 
  JET-CD-NWE											   
 Fuel Oil	  Trades   Bids   Offers  Previous  Seller  Buyer 
									   Session			
 0.5% barge	$525-52				 $520 (3   BP,	 TotalEn 
 fob ARA per   8 (7					barges)   Glenco  ergies, 

 tonne		 barges)						   re	  Trafigu 
														 ra, OEI 
 3.5% barge							$429-$43		   
 fob ARA per						   1 (3				tonne								 barges)			
  HFO-ARA												  ICE Low Sulphur Gasoil   LGOc1		   Previous 
 Diesel ARA Barge		$16.30		   $16.56 
 Cracks vs Brent						   
 futures (per barrel)					   Diesel spread			LGOc1-LGOc2