Europe Distillates-Diesel margins decline as ARA stocks build

LONDON, April 25 (Reuters) - Northwest European diesel barge margins fell by 71 cents to about $16.24 barrel on Thursday, as independently-held stocks in ARA rose on the week.

• In the Northwest European diesel barge window, a total of 8,100 metric tons of barges traded on Thursday, after a single 1,150 ton barge changed hands on Wednesday.
• 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.
• Diesel imports into Europe forecast for April continued to climb thanks to near record shipments from the U.S. Gulf Coast and strong imports from Asia and the Middle East, LSEG analyst Raj Rajendran said in a note.
• April imports were set to reach 6.23 million metric tons in April, their highest since September 2023 and up sharply from 4.77 million tons in March, according to LSEG data.
• In Singapore, middle distillates stockpiles surged by more than 14% week on week to nearly a three-year high as net exports dipped, official government data showed on Thursday.

                Trades   Bids   Offers  Previous  Seller  Buyer 
                                        Session            
 0.1 GO Barge                                              

diffs fob ARA per tonne

GO-ED-ARA 0.1 GO Cargo May diffs cif NWE +$1 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,  Glenco 

diffs fob ARA (8.1KT) Total re, per tonne Gunvor Vitol Diesel cargo June diffs cif NW +$10 E per tonne Diesel cargo May diffs cif Med +$5 per tonne

DL-CIFD-MED Jet fuel Trades Bids Offers Previous Seller Buyer

                                        Session            
 Jet fuel                FBH    FBH     FBH -$1,           
 barge                   -$3    +$2     FBH -$2            
 diffs fob                                                 

FARAG per tonne

JET-BD-ARA

 Jet fuel       May                               BP      Shell 
 cargo          +$49.50                                    

cif NEW per tonne

JET-CD-NWE

 Fuel Oil     Trades     Bids    Offers  Previous  Seller  Buyer 
                                         Session            
 0.5% barge   $577 (1                    $584.5-$  Shell   North 

 fob ARA per  barge)                     586               star 
 tonne                                                      

3.5% barge $479 (1 $474-$47 Total Aramc

 fob ARA per  barge)                     4.50              o 
 tonne                                                      

HFO-ARA ICE Low Sulphur Gasoil LGOc1 Previous

 Diesel ARA Barge        $16.24           $16.95 
 Cracks vs Brent                           

futures (per barrel) Diesel spread LGOc1-LGOc2