News: Europe Distillates-Diesel cracks end week lower amid thin trading

LONDON, Aug 23 (Reuters) - Northwest European diesel barge refining cracks declined slightly to $16 a barrel on Friday amid thin trading and regional stocks rose.

• No barges of 10ppm diesel traded in the Platts window.
• 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.

				 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 NEW 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			   

diffs fob ARA -$1.75 per tonne (2KT)

 >														 
 Diesel cargo							Sep +$6		   

diffs cif NEW 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 NEW per +$45 tonne

JET-CD-NWE

Fuel Oil Trades Bids Offers Previous Seller Buyer

									   Session			
 0.5% barge	$537					$525-528  OEI	 United 
 fob ARA per						   (7				 

tonne barges) 3.5% barge $429-$43 fob ARA per 1 (3 tonne barges)

HFO-ARA ICE Low Sulphur Gasoil LGOc1 Previous

 Diesel ARA Barge		$16.01		   $16.30 
 Cracks vs Brent						   

futures (per barrel) Diesel spread LGOc1-LGOc2