LONDON, July 4 (Reuters) - Northwest European diesel barge refining margins were broadly steady at about $20.25 a barrel on Thursday, as buying activity improved and regional stocks moved sideways.
- Nine diesel barges traded in the Platts window, up from four on Wednesday. ExxonMobil and Shell sold to Glencore, Unipec and Mabanaft.
- Independently held gasoil stocks in storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub were largely steady in the week to Thursday at 2.18 million metric tons, data from Dutch consultancy Insights Global showed.
- "Various measures of gasoil strength in Europe have gained further ground over the past few weeks," said Sparta Commodities analyst Neil Crosby.
- "Some refinery disruptions in Europe and French strikes are also underpinning the more bullish trend," he added.
- U.S. distillate stockpiles USOILD=ECI , which include diesel and heating oil, fell by 1.5 million barrels in the week to June 28 to 119.7 million barrels, versus expectations for a 1.2 million-barrel drop, the EIA data showed.
- A coker at LyondellBasell Industries' LYB.N 263,776 barrel-per-day Houston refinery was operating at a reduced production level following a fire on Tuesday, said people familiar with plant operations.
Trades Bids Offers Previou Seller Buyer s Session 0.1 GO Barge Julydiffs fob ARA -$10 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 July July Jul -$8
diffs fob ARA -$9 -$6 per tonne
Diesel Trades Bids Offers Previou Seller Buyer s Session Diesel barge July July Exxon Glenco diffs fob ARA -$0.50 -$1.25 Mobil, re,per tonne -$1 (9 (4 Shell Mabana) Unipec Diesel cargo July diffs cif NWE +$11.5 per tonne 0
Diesel cargo diffs cif Med per tonne DL-CIFD-MED Jet fuel Trades Bids Offers Previou Seller Buyer
s Session Jet fuel August KLM Shell barge +$49diffs fob FARAG per tonne
JET-BD-ARA
Jet fuel CCM July + cargo -$2 $54 cif NEW pertonne
JET-CD-NWE
Fuel Oil Trades Bids Offers Previous Seller Buyer
Session 0.5% barge $578-$5 $577-578 Mercur TotalEnfob ARA per 80 (12 (5 ia, ergies, tonne barges) barges) BP, Petroin Glenco eos, re Trafigu ra, United Bunkeri ng. 3.5% barge $508-$5 $509-519 Gunvorfob ARA per 15 (8 (11 , BP tonne barges) barges) HFO-ARAICE Low Sulphur Gasoil LGOc1 Previous
Diesel ARA Barge $20.23 $20.46 Cracks vs Brentfutures (per barrel) Diesel spread LGOc1-LGOc2
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News: Europe Distillates-Diesel refining hold above $20/bbl
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