LONDON, March 19 (Reuters) - Northwest European diesel barge cracks slipped by about 6% to $27.80 a barrel on Tuesday, amid higher underlying crude prices and as trading activity slowed.
- Around 11,000 metric tons of diesel barges traded in the Platts window, down from 21,000 tons in Monday's trading session.
- Diesel imports into Europe are on track to reach 943,000 barrels per day in March, Kpler data showed, slightly below February's 980,000 bpd, and sharply lower than January's 1.32 million bpd.
- Russian oil refining capacity shut down in the wake of Ukrainian drone attacks in the first quarter amounts to about 4.6 million tons (370,500 bpd), or some 7% of the total, Reuters calculations show.
- JP Morgan said the damage to Russian refining "will likely result in a production loss of approximately 150,000 bpd of gasoline and 190,000 bpd of diesel".
- Meanwhile, European refining maintenance which is set to peak in April, is helping to keep diesel margins supported, traders said.
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 April diffs fob ARA -$26 per tonne
Diesel Trades Bids Offers Previous Seller Buyer Session Diesel barge April April Litasc Vitol, diffs fob ARA +$3.50 +$4.40 o Gunvor, per tonne -$4 (21 KT) GlencorA>
Diesel cargo April CIF UK diffs cif NWE +$12 +$4.50-5 per tonne .50 (2
Diesel cargo April diffs cif Med +$12.5 per tonne 0 DL-CIFD-MED Jet fuel Trades Bids Offers Previous Seller Buyer
Session Jet fuel FBHbarge +$3 diffs fob FARAG per tonne
JET-BD-ARA Jet fuel CCM cargo +$10 cif NWE per tonne
JET-CD-NWE
Fuel Oil Trades Bids Offers Previous Seller Buyer Session 0.5% barge $590-591 $586-587 Glenco Unitefob ARA per .5 re, dBunk tonne Shell ering, BP 3.5% barge $473-$475 $469 Gunvor Mercu fob ARA per , ria, tonne Mercur NorthHFO-ARA ia, Star, Total, Shell Vitol , OEI ICE Low Sulphur Gasoil LGOc1 PreviousDiesel ARA Barge $27.80 $29.48 Cracks vs Brentfutures (per barrel) Diesel spread LGOc1-LGOc2
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