News: Europe Distillates-Diesel margins dip below $20/bbl

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    LONDON, June 21 (Reuters) - Northwest European diesel barge refining margins fell below $20 a barrel on Friday amid thin trading and after data showed a 2.6% rise in regional stocks.

    • Four diesel barges traded in the afternoon window, with Vitol and Shell selling to TotalEnergies and BP.
    • U.S. distillate stockpiles, which include diesel and heating oil, fell last week by 1.7 million barrels to 121.6 million barrels, versus expectations for a 300,000-barrel rise, EIA data showed.
    • Amsterdam-Rotterdam-Antwerp (ARA) gasoil stocks rose by 2.6% in the week to Thursday to 2.26 million metric tons, data from Dutch consultancy Insights Global showed.
    • Demand for gasoline and gasoil in inland markets up the river Rhine firmed on the week after high water levels had hampered navigation earlier in the month.
    • Striking workers blocked delivery trucks carrying oil products, including petrol, from leaving the ExxonMobil Chemical France's Port Jerome refinery in northern France on Friday, a CGT-FNME union member told Reuters.
    • Ukrainian long-range attack drones struck four Russian oil refineries as well as radar stations and other military targets in Russia in a major attack in the early hours of Friday, Kyiv's military said.
    • Diesel and gasoil arrivals into North West Europe and the Mediterranean in June are set to drop from the previous month, LSEG data shows.
    • Arrivals are projected to reach 8.46 million metric tons in June, down from 10.3 million tons in May.
    				Trades  Bids	Offers  Previou  Seller  Buyer 
    										s				 
    										Session		   
     0.1 GO Barge		   July							  
    

    diffs fob ARA -$10 per tonne

    GO-ED-ARA 0.1 GO Cargo diffs cif NEW per tonne

    GO-CND-NWE 0.1 GO Cargo +$3.00 diffs cif Med per tonne

    GO-CND-MED 50ppm barge July July

     diffs fob ARA				  +$2	 -$8			   
     per tonne												
    

    Diesel Trades Bids Offers Previou Seller Buyer

    										s				 
    										Session		   
     Diesel barge   July					July $4  Vitol   BP, 
    

    diffs fob ARA $3 Total per tonne Diesel cargo July July July diffs cif NEW +$12 +$16 $14.50 per tonne Diesel cargo Aug diffs cif Med +$19 per tonne

    DL-CIFD-MED Jet fuel Trades Bids Offers Previou Seller Buyer

    										s				 
    										Session		   
     Jet fuel							   July			  
    

    barge +$49 diffs fob FARAG per tonne

    JET-BD-ARA Jet fuel July cargo +$57 cif NEW per tonne

    JET-CD-NWE

    Fuel Oil Trades Bids Offers Previous Seller Buyer

    									  Session			
     0.5% barge						   $551-$55		   
    

    fob ARA per 3 tonne 3.5% barge $488-$4 $487-$49 Gunvor Peninsu

     fob ARA per  89					  0				 la, 
     tonne												  Trafigu 
    

    HFO-ARA ra ICE Low Sulphur Gasoil LGOc1 Previous

     Diesel ARA Barge		$20.37		   $20.82 
     Cracks vs Brent						   
    

    futures (per barrel) Diesel spread LGOc1-LGOc2

 
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