LONDON, Aug 20 (Reuters) - Northwest European diesel barge refining cracks fell by about 10 cents to $15.86 a barrel on Tuesday, remaining at their lowest since April amid pressure from high imports and a weak economic outlook.
- A total of seven 10ppm diesel barges traded in the Platts window, down from 10 on Monday.
- "The middle distillate market is facing challenges due to high stock levels in the region. However, the start of harvest season and autumn maintenance at refineries are expected to provide some relief for diesel markets," LSEG analyst Rakesh Varma said on Tuesday.
- UK and EU diesel and gasoil imports have reached 1.4 million barrels per day so far this month, Kpler data showed, up from 992,000 bpd in July.
- A fire sparked by a Ukrainian drone attack on a huge diesel depot in Russia's southern Rostov region on Sunday has engulfed more fuel storage tanks, news agencies reported on Tuesday citing local authorities.
- Valero reported maintenance activity on its Houston refinery in the U.S.
Trades Bids Offers Previou Seller Buyer s Session 0.1 GO Barge Sepdiffs fob ARA -$26 per tonne
GO-ED-ARA 0.1 GO Cargo Sep diffs cif NWE -$12 per tonne
GO-CND-NWE 0.1 GO Cargo -$6 diffs cif Med per tonne
GO-CND-MED
50ppm barge Sep Sep diffs fob ARA -$2.75 -$1.00per tonne
Diesel Trades Bids Offers Previou Seller Buyer s Session Diesel barge -$2.00 Sept Belgom Mabana diffs fob ARA (7 -$3 - ine, ft,per tonne barges Sept Totsa, Shell,barges) Glenco o re Diesel cargo Sep Sep diffs cif NWE +$4 +$6 per tonne
Diesel cargo Sep diffs cif Med +$3.50 per tonne DL-CIFD-MED Jet fuel Trades Bids Offers Previou Seller Buyer
s Session Jet fuel barge Sep Sept Unipec BP diffs fob +$39; +$37; , FARAG FBH FBH TotalE per tonne flat flat nergie JET-BD-ARA sJet fuel cargo Aug cif NWE per +$42 tonne
JET-CD-NWE
Fuel Oil Trades Bids Offers Previous Seller Buyer
Session 0.5% barge $520 (3 $527-$52 Glenco OEI fob ARA per barges) 8 (4 re tonne barges)3.5% barge $434-43 $464-$46 TotalE Mercuri fob ARA per 6 (11 5.5 (5 nergie a,tonne barges) barges) s Peninsu HFO-ARA la,Vitol, BP ICE Low Sulphur Gasoil LGOc1 PreviousDiesel ARA Barge $15.86 $15.96 Cracks vs Brentfutures (per barrel) Diesel spread LGOc1-LGOc2
- Forums
- Commodities
- News: Europe Distillates-Diesel cracks hold steady