News: Europe Distillates-Diesel margins slip on rising supply

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    LONDON, April 15 (Reuters) - Northwest European diesel barge margins declined by about $1.30 a barrel to $19.82 amid sluggish demand and rising heavy imports.

    • No barges traded in the Platts afternoon window for a second consecutive session, despite a flurry of bid and offer activity.

    • ARA gasoil stocks rose by 1.5% to 2.15 million metric tons in the week to April 11 as imports into the region from Asia rose while inland demand was limited, Dutch consultancy Insights Global said.

    • European diesel and gasoil imports in April are on track to reach about 880,000 barrels per day, just under the 920,000 bpd delivered in March, Kpler data showed.

    • Russia has been able to swiftly repair some of the key oil refineries hit by Ukrainian drones, reducing capacity idled by the attacks to about 10% from almost 14% at the end of March, Reuters calculations showed.

    				Trades   Bids   Offers  Previous  Seller  Buyer 
    										Session			
     0.1 GO Barge			May	May						
    

    diffs fob ARA -$22 -$18 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 May diffs fob ARA -$10 per tonne Diesel Trades Bids Offers Previous Seller Buyer

    										Session			
     Diesel barge			May	May						
    

    diffs fob ARA -$2 -$2 per tonne Diesel cargo May diffs cif NWE +$14.5 per tonne 0

     Diesel cargo				   May	 Med +$4			
     diffs cif Med				  +$13					   
    

    per tonne

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

    										Session			
     Jet fuel	   May							   KLM	 BP 
     barge		  +$37									   
    

    diffs fob FARAG per tonne

    JET-BD-ARA Jet fuel CCM CCM cargo -$2 +$5 cif NWE per tonne

    JET-CD-NWE

     Fuel Oil	 Trades	 Bids	Offers  Previous  Seller  Buyer 
    										 Session			
     0.5% barge   $603-$605							BP,	 Unite 
     fob ARA per  (7								   Shell,  dBunk 
    
     tonne		barges)							  TotalE  ering 
    												   nergie  , OEI 
    												   s		
     3.5% barge   $471-$472							Gunvor  OEI, 
    
     fob ARA per  (2								   ,	   Unite 
     tonne		barges)							  Vitol   dBunk 
      HFO-ARA												  ering 
    

    ICE Low Sulphur Gasoil LGOc1 Previous

     Diesel ARA Barge		$19.82		   $21.15 
     Cracks vs Brent						   
    

    futures (per barrel) Diesel spread LGOc1-LGOc2

 
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