Europe Distillates-Diesel margins drop to lowest since July 2023

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   Vitol 

diffs 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       Gunvor 
 
 A>                                                         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 fuel                                                  
 barge                                                      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                                               d 
 tonne                                                       3.5% barge   $466-$467                  $462-$46  Total,  Unite 
 fob ARA per                             3         Gunvor  d, 
 tonne                                                     Penin 
  HFO-ARA                                                  sula  ICE Low Sulphur Gasoil   LGOc1           Previous 
 Diesel ARA Barge        $23.1            $24 
 Cracks vs Brent                           
 futures (per barrel)                       Diesel spread            LGOc1-LGOc2