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Europe Distillates-Diesel margins hold above $20



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LONDON, June 17 (Reuters) -Northwest European diesel barge refining margins declined by 46 cents to hold just above the $20 a barrel threshold on Monday, as liquidity in the afternoon window remained low.

  • No diesel barges traded in the afternoon window for a third session in a row.

  • Diesel and gasoil arrivals into North West Europe and the Mediterranean are set to drop on the month in June, according to LSEG data.

  • Arrivals are projected to reach 8.46 million metric tons in June, down from 10.3 million tons in May.

  • Russia's primary offline oil refining capacity has been raised by 114% from the previous plan to 4.1 million metric tons for June mainly to due to last-month stoppages at the Tuapse and Komsomoslk plants, Reuters calculations show.

  • 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.




Trades

Bids

Offers

Previous Session

Seller

Buyer

0.1 GO Barge

diffs fob ARA per tonne GO-ED-ARA


July -$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



+$3.00




50ppm barge diffs fob ARA per tonne

GO50PPM-ED-ARA



July +$2











Diesel

Trades

Bids

Offers

Previous Session

Seller

Buyer

Diesel barge

diffs fob ARA

per tonne

ULSD10-BD-ARA


July +$2

July +$5




Diesel cargo

diffs cif NWE

per tonne

ULSD10-ANYD-NWE


July +$13.75

July +$17.50




Diesel cargo

diffs cif Med

per tonne

DL-CIFD-MED



Aug +$19











Jet fuel

Trades

Bids

Offers

Previous Session

Seller

Buyer

Jet fuel barge

diffs fob FARAG

per tonne

JET-BD-ARA

July +$49




KLM

BP

Jet fuel cargo

cif NEW per tonne

JET-CD-NWE

2 cargoes,


July +$57


Unipec

BP, Shell


Fuel Oil

Trades

Bids

Offers

Previous Session

Seller

Buyer

0.5% barge fob ARA per tonne

$542-544 (2 barges)




Totsa, BP

OEI

3.5% barge

fob ARA per tonne HFO-ARA

$477-478 (7 barges)



$474-$475

Gunvor, Totsa

Peninsula, OEI

ICE Low Sulphur Gasoil

LGOc1

Previous

Diesel ARA Barge Cracks vs Brent futures (per barrel)

$20.01

$20.47

Diesel spread

LGOc1-LGOc2




Reporting by Robert Harvey; Editing by Richard Chang

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