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 Bargediffs 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 +$7.50per tonne
DL-CIFD-MED Jet fuel Trades Bids Offers Previou Seller Buyer
s Session Jet fuel barge FBH FBH diffs fob flat flatFARAG 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-$43fob ARA per 1 (3 tonne barges)
HFO-ARA ICE Low Sulphur Gasoil LGOc1 Previous
Diesel ARA Barge $16.30 $16.56 Cracks vs Brentfutures (per barrel) Diesel spread LGOc1-LGOc2
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