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Europe Distillates-Diesel margins dip in thin trading



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LONDON, June 14 (Reuters) -Northwest European diesel barge refining margins declined slightly to $20.27 a barrel on Friday in thin trading.

  • No diesel barges traded in the afternoon window for a second day in a row.

  • Gasoil stocks held in independent storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub fell by 2.3% to 2.21 million tons in the week to Thursday, data from Dutch consultancy Insights Global showed.

  • Demand up the Rhine river increased as buyers sought to replenish stocks after high water levels had hampered navigation during the previous week, according to Insights Global's Lars van Wageningen.

  • Gasoil imports remained strong but were offset by exports to Argentina and Northwest European countries, van Wageningen said.

  • U.S. distillate stockpiles, which include diesel and heating oil, rose last week by 0.9 million barrels to 123.4 million barrels, versus expectations for a 1.6-million-barrel rise, the EIA data showed.

  • EU and UK diesel imports are on track to reach 768,000 barrels per day (bpd) in June, down from 1.22 million bpd in May, Kpler data showed.

  • BP's 450,000-barrel-per-day (bpd) Whiting, Indiana, refinery plans to conduct a major turnaround in the coming months, an industry source said on Thursday.




Trades

Bids

Offers

Previous Session

Seller

Buyer

0.1 GO Barge

diffs fob ARA per tonne GO-ED-ARA


June -$10





0.1 GO Cargo

diffs cif NEW per tonne GO-CND-NWE







0.1 GO Cargo

diffs cif Med per tonne GO-CND-MED



July -$3




50ppm barge diffs fob ARA per tonne

GO50PPM-ED-ARA




June +$1 (one barge)










Diesel

Trades

Bids

Offers

Previous Session

Seller

Buyer

Diesel barge

diffs fob ARA

per tonne

ULSD10-BD-ARA


July $4

July $6.50

Jul $4.50-$5



Diesel cargo

diffs cif NWE

per tonne

ULSD10-ANYD-NWE




July +$13 (Le Havre)



Diesel cargo

diffs cif Med

per tonne

DL-CIFD-MED


July +$10

July +$16











Jet fuel

Trades

Bids

Offers

Previous Session

Seller

Buyer

Jet fuel barge

diffs fob FARAG

per tonne

JET-BD-ARA



June +$50




Jet fuel cargo

cif NEW per tonne

JET-CD-NWE



July +$52





Fuel Oil

Trades

Bids

Offers

Previous Session

Seller

Buyer

0.5% barge fob ARA per tonne




$538-$539



3.5% barge

fob ARA per tonne HFO-ARA

$474-$475



$474

Total

Vitol, OEI

ICE Low Sulphur Gasoil

LGOc1

Previous

Diesel ARA Barge Cracks vs Brent futures (per barrel)

$20.25

$20.7

Diesel spread

LGOc1-LGOc2




Reporting by Ron Bousso; Editing by David Evans

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