LONDON, April 29 (Reuters) - Northwest European diesel barge margins rose by 81 cents to just under $17 a barrel on Monday, supported by rising activity, but rising imports limited further gains.
- In the Northwest European diesel barge window, over 28,000 metric tons of barges traded on Monday, sharply higher than the previous session's 12,500 tons.
- Shell and Unipec sold to BP, TotalEnergies, Vitol, Gunvor and Hartree.
- European diesel margins are coming under pressure from high imports and lacklustre demand.
- As much as 1.2 million barrels per day (bpd) of diesel and gasoil is due to arrive from east of Suez to the Atlantic Basin in April, according to Vortexa. That is up from 900,000 bpd in March.
- "The rising flows are partly due to higher flows from Saudi Arabia and India, both historically large suppliers to Europe," said Jay Maroo, head of market intelligence and analysis at Vortexa.
- The Slavyansk oil refinery in Russia's Krasnodar region has been forced to suspend some operations after being damaged in a Ukrainian drone attack, the state TASS news agency cited an executive overseeing the plant as saying on Saturday.
Trades Bids Offers Previous Seller Buyer 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 diffs fob ARA per tonne
Diesel Trades Bids Offers Previous Seller Buyer Session Diesel barge May -$1 May -$1 Shell, Gunvordiffs fob ARA (28.25K (12.5KT) Unipec , BP,
per tonne T) TotalEA> s,
Vitol, Hartre e Diesel cargo Junediffs cif NW +$9 E per tonne
Diesel cargo Med diffs cif Med -$3 per tonne DL-CIFD-MED Jet fuel Trades Bids Offers Previous Seller Buyer
Session Jet fuel FBH FBHbarge -$2.5 flat diffs fob FARAG per tonne
JET-BD-ARA
Jet fuel CCM CCM -$3 cargo flatcif NEW per tonne
JET-CD-NWE
Fuel Oil Trades Bids Offers Previous Seller Buyer Session 0.5% barge $579-$582 $590.50 Glenco OEI,fob ARA per (6 (1 re, North tonne barges) barge) TotalE star, nergie Unite s dBunk ering , BP 3.5% barge $484 (one $485 (1 Gunvor Unitefob ARA per barge) barge) d tonne BunkeHFO-ARA ring ICE Low Sulphur Gasoil LGOc1 Previous
Diesel ARA Barge $16.97 $16.16 Cracks vs Brentfutures (per barrel) Diesel spread LGOc1-LGOc2
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