News: Europe Distillates-Diesel margins hold above $20

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    LONDON, June 17 (Reuters) - Northwest European diesel barge refining margins declined by 46 cents to hold just above the $20 a barrel threshold on Monday, as liquidity in the afternoon window remained low.

    • No diesel barges traded in the afternoon window for a third session in a row.
    • Diesel and gasoil arrivals into North West Europe and the Mediterranean are set to drop on the month in June, according to LSEG data.
    • Arrivals are projected to reach 8.46 million metric tons in June, down from 10.3 million tons in May.
    • Russia's primary offline oil refining capacity has been raised by 114% from the previous plan to 4.1 million metric tons for June mainly to due to last-month stoppages at the Tuapse and Komsomoslk plants, Reuters calculations show.
    • Gasoil stocks held in independent storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub fell by 2.3% to 2.21 million tons in the week to Thursday, data from Dutch consultancy Insights Global showed.
    • Demand up the Rhine river increased as buyers sought to replenish stocks after high water levels had hampered navigation during the previous week, according to Insights Global's Lars van Wageningen.
    • Gasoil imports remained strong but were offset by exports to Argentina and Northwest European countries, van Wageningen said.
    				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 diffs fob ARA +$2 per tonne Diesel Trades Bids Offers Previou Seller Buyer

    										s				 
    										Session		   
     Diesel barge		   July	July					  
    
     diffs fob ARA		  +$2	 +$5					   
     per tonne												
    

    Diesel cargo July July diffs cif NWE +$13.7 +$17.5

     per tonne			  5	   0						 
     

    NWE> 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							 KLM	 BP 
     barge		  +$49									  
    

    diffs fob FARAG per tonne

    JET-BD-ARA

     Jet fuel	   2			   July			 Unipec  BP, 
     cargo		  cargoe		  +$57					 Shell 
     cif NEW per	s,										
    

    tonne

    JET-CD-NWE

    Fuel Oil Trades Bids Offers Previous Seller Buyer

    									  Session			
     0.5% barge   $542-54						   Totsa,  OEI 
    

    fob ARA per 4 (2 BP tonne barges) 3.5% barge $477-47 $474-$47 Gunvor Peninsu

     fob ARA per  8 (7					5		 ,	   la, OEI 
     tonne		barges)						   Totsa	
      HFO-ARA												
    

    ICE Low Sulphur Gasoil LGOc1 Previous

     Diesel ARA Barge		$20.01		   $20.47 
     Cracks vs Brent						   
    

    futures (per barrel) Diesel spread LGOc1-LGOc2

 
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