LONDON, March 14 (Reuters) - Northwest European diesel barge cracks dropped to about $27.50 a barrel on Thursday as buying activity slowed and regional inventories rose.
- Around 22,000 metric tons of diesel barges traded in the Platts window, down 11,000 tons from the previous session.
- Gasoil stocks held in independent storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub rose by 3.6% in the week to Thursday, according to data from Dutch consultancy Insights Global.
- Gasoil stocks rose to 2.11 million metric tons, their highest since August 2023, amid weak demand, Insights Global's Lars van Wageningen said.
- U.S. distillate fuel stocks USOILD=ECI , which include diesel and heating oil, rose by 888,000 barrels to 117.9 million barrels in the week to March 8, versus expectations for a 150,000-barrel drop, data from the EIA showed.
- Diesel imports into Europe were so far projected to reach 4.81 million tons in March, already higher than a total of 4.65 million tons last month, LSEG analyst Raj Rajendran said in a note.
- Imports were particularly strong from Asia and the Middle East at 2.36 million tons projected for March.
Trades Bids Offers Previous Seller Buyer Session 0.1 GO Bargediffs 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 diffs fob ARA per tonne
Diesel Trades Bids Offers Previous Seller Buyer Session Diesel barge April Apr BP, Total diffs fob ARA +$5-$6 $7-$8 E3ENG, per tonne (22KT) ExxonA> Diesel cargo Cif Litasc Gunvor,
diffs cif NEW NWE o, Total per tonne +$10.5 HartreNWE> (Dunki
rk); Cif NWE +$10 (Le Havre) Diesel cargo Aprildiffs cif Med +$13 per tonne
DL-CIFD-MED Jet fuel Trades Bids Offers Previous Seller Buyer
Session Jet fuel Aprilbarge +$30 diffs fob FARAG per tonne
JET-BD-ARA Jet fuel cargo cif NEW per tonne
JET-CD-NWE
Fuel Oil Trades Bids Offers Previous Seller Buyer Session 0.5% barge $584-$585 $575-$57 BP North fob ARA per 8 star, tonne Mercuria, Unite d Bunke ring 3.5% barge $458-$460 $452-$45 Vitol, Northfob ARA per 3 Gunvor star, tonne BP,HFO-ARA Shell
OEI, Trafi gura, Unite d Bunke ring ICE Low Sulphur Gasoil LGOc1 PreviousDiesel ARA Barge $27.498 $28.382 Cracks vs Brentfutures (per barrel) Diesel spread LGOc1-LGOc2
- Forums
- Commodities
- News: Europe Distillates-Diesel cracks soften as ARA stocks rise