News: Europe Distillates-Diesel margins close week higher

LONDON, June 7 (Reuters) - Northwest European diesel barge refining margins rose 4.7% on the week to close at around $17.45 a barrel on Friday.

• Six diesel barges traded in the Platts window, up from five in the previous session. Trafigura, Mercuria and Shell sold to Total, Hartree and Vitol.
• Margins rose on the week despite higher inventory levels in both the U.S. and Northwest Europe.
• Gasoil and diesel stocks held in independent storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub rose by over 1.4% during the week to Thursday, data from Dutch consultancy Insights Global showed.
• Stocks climbed to 2.26 million tons as demand from inland locations along the Rhine River slipped, Insight Global's Lars van Wageningen said.
• U.S. distillate stockpiles, which include diesel and heating oil, rose last by 3.2 million barrels to 122.5 million barrels, versus expectations for a 2.5-million-barrel rise, EIA data showed.
• Diesel arbitrage routes to Europe are largely unworkable, according to Sparta Commodities' James Noel-Beswick.
• Supplies from the Middle East and West Coast of India are instead heading to Asian buyers, while shipments from the U.S. to Europe are also unprofitable currently.
• Indonesia's state-owned energy firm's Pertamina Patra Niaga has issued its first spot purchase tender for sustainable aviation fuel delivering in August, three sources who received the document said on Friday.
• India's May sales of diesel, mainly used by trucks and commercially run passenger vehicles, rose by 1.8% year-on-year to 8.37 million tons in May.

				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 NWE per tonne

GO-CND-NWE 0.1 GO Cargo Med Petroi ADD diffs cif Med 0.1% neos per tonne cargo

GO-CND-MED +$2.00 50ppm barge June diffs fob ARA -$0.50 per tonne Diesel Trades Bids Offers Previou Seller Buyer

										s				 
										Session		   
 Diesel barge   Jun					 June	 Trafig  Total, 
 diffs fob ARA  Flat					-$0.50   ura,	Hartre 

 per tonne	  (6					  (5	   Mercur  e, 
 			 )								Shell	
 Diesel cargo   French  Jul			 Cif NWE  Trafig  Total 

 diffs cif NWE  -$1	 +$8			 -$1 (Le  ura	  
 per tonne			  (Amste		  Havre)			
 
 NWE>													  Diesel cargo   June							 Gunvor  BP  diffs cif Med  +$18,							,		
 per tonne	  Med							  Aramco   
  DL-CIFD-MED   -$0.25									

				(2										
				cargoe									
				s)										
														  
 Jet fuel	   Trades  Bids	Offers  Previou  Seller  Buyer 

										s				 
										Session		   
 Jet fuel					   Jun					   
 barge						  +$53					   diffs fob												 FARAG													 per tonne												
  JET-BD-ARA											   Jet fuel					   Jul						cargo						  +$53					   cif NWE per											   tonne													
  JET-CD-NWE											  
 Fuel Oil	 Trades   Bids   Offers  Previous  Seller  Buyer 
									  Session			
 0.5% barge   $515-51				 $518-$51  Total,  United, 

 fob ARA per  8 (6					9		 BP,	 Northst 
 tonne		barges)						   OEI,	ar, OEI 
												Mercur   
												ia,	  
												Trafig   
												ura	  
 3.5% barge   $457 (9				 $452-$45  Total,  Peninsu 

 fob ARA per  barges)				 4		 Gunvor  la, 
 tonne												  Shell, 
  HFO-ARA											   Northst 
														ar 
 ICE Low Sulphur Gasoil   LGOc1		   Previous 

 Diesel ARA Barge		$17.45		   $17.38 
 Cracks vs Brent						   
 futures (per barrel)					   Diesel spread			LGOc1-LGOc2