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 Maydiffs 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 Maydiffs 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 +$13per tonne
DL-CIFD-MED Jet fuel Trades Bids Offers Previous Seller Buyer
Session Jet fuel May KLM BP barge +$37diffs 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, dBunktonne barges) TotalE ering nergie , OEI s 3.5% barge $471-$472 Gunvor OEI,fob ARA per (2 , Unite tonne barges) Vitol dBunk HFO-ARA eringICE Low Sulphur Gasoil LGOc1 Previous
Diesel ARA Barge $19.82 $21.15 Cracks vs Brentfutures (per barrel) Diesel spread LGOc1-LGOc2
- Forums
- Commodities
- News: Europe Distillates-Diesel margins slip on rising supply
News: Europe Distillates-Diesel margins slip on rising supply
Featured News
Featured News
The Watchlist
RDN
RAIDEN RESOURCES LIMITED
Dusko Ljubojevic, MD
Dusko Ljubojevic
MD
Previous Video
Next Video
SPONSORED BY The Market Online