LONDON, July 1 (Reuters) - Northwest European diesel barge refining margins rose by $2.45 a barrel on the day to $21.32 a barrel on Monday, as lower inventories and slowing imports continued to support margins.
Five 10ppm diesel barges traded in the Platts window on Monday, the same number as had traded from Friday. Belgomine and Shell sold to BP, Trafigura and Glencore.
Independently-held gasoil inventories in Amsterdam-Rotterdam-Antwerp (ARA) STK-GO-ARA
fell by nearly 3% in the week to June 27 to just under 2.2 million metric tons, according to data from Dutch consultancy Insights Global.
- In the Mediterranean market, traders expect the diesel-making hydrocracker at Socar's STAR refinery in Turkey to come back online early next week. The outage on the unit started in early June.
- Nigeria's new Dangote oil refinery is increasing gasoil exports to West Africa, taking market share from European refiners, according to traders and shipping data.
- Russian oil product exports from the Black Sea port of Tuapse are set to rise by 59.7% month-on-month in July to 0.99 million metric tons from 0.6 million tons scheduled for June, two traders said on Monday.
- Diesel and gasoil exports from the port will reach 480,000 tons, up by 29% on the month.
Trades Bids Offers Previou Seller Buyer s Session 0.1 GO Barge July Julydiffs fob ARA -$14 -$8 per tonne
GO-ED-ARA 0.1 GO Cargo diffs cif NEW per tonne
GO-CND-NWE 0.1 GO Cargo diffs cif Med per tonne
GO-CND-MED 50ppm barge July diffs fob ARA -$7 per tonne
Diesel Trades Bids Offers Previou Seller Buyer s Session Diesel barge July July Belgom BP, diffs fob ARA +0.15 +0.75-$ ine, Trafigper tonne 1.50 (5 Shell ura,
re Diesel cargo ARA July Shell Glenco diffs cif NWE -$1 +$11 re per tonne
Diesel cargo July Med -$1 diffs cif Med +$12 (Malta) per tonneDL-CIFD-MED Jet fuel Trades Bids Offers Previou Seller Buyer
s Session Jet fuel July FBHbarge +$49 -$3.50 diffs fob FARAG per tonne
JET-BD-ARA Jet fuel July cargo +$50 cif NWE per tonne
JET-CD-NWE
Fuel Oil Trades Bids Offers Previous Seller Buyer
Session 0.5% barge $570 (2 $560-$56 Glenco Totalfob ARA per barges) 1 (3 re tonne barges)3.5% barge $494-51 $488-$48 Gunvor Vitol,
fob ARA per 5 (13 8.50 , Total, tonne barges) Total, United, HFO-ARA Aramco OEIICE Low Sulphur Gasoil LGOc1 Previous
Diesel ARA Barge $21.32 $18.87 Cracks vs Brentfutures (per barrel) Diesel spread LGOc1-LGOc2
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