Europe Distillates-Diesel cracks slump as ARA stocks rise
LONDON, Feb 2 (Reuters) -Northwest European diesel barge profit margins dropped sharply to $33.8 a barrel on Thursday, pressured by a sharp rise in regional stocks.
Gasoil stocks held in independent storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage area rose by 6% to their highest since July 2021, data from Dutch consultancy Insights Global showed on Thursday.
Gasoil stocks reached 2.3 million tonnes, rising as importers in the region increase Russian purchases ahead of a Feb. 5 EU ban on Russian oil product imports, said Insights Global's Lars van Wageningen.
Demand for gasoil and diesel up the Rhine river fell to its lowest since October 2022 on a weekly basis, Wageningen said, with tanks in inland locations filling up amid increased imports in recent weeks.
U.S. distillate stockpiles, which include diesel and heating oil, rose last week by 2.3 million barrels in the week to 117.6 million barrels, compared with expectations for a 1.3 million-barrel drop, EIA data showed.EIA/S
European diesel imports are expected to total 8.36 million tonnes in January, slightly lower than December's 8.38 million tonnes, according to Refinitiv ship tracking data.
European diesel imports from Russia rose to nearly 4 million tonnes as traders rushed to fill tanks ahead of a Feb. 5 EU ban on Russian fuel, according to Refinitiv.
Trades | Bids | Offers | Previous Session | Seller | Buyer | |
|---|---|---|---|---|---|---|
0.1 GO Barge diffs fob ARA 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 diffs fob ARA per tonne GO50PPM-ED-ARA | ||||||
Diesel | Trades | Bids | Offers | Previous Session | Seller | Buyer |
Diesel barge diffs fob ARA Per tonne ULSD10-BD-ARA | Feb -$0.75 to Feb flat | Reliance, Shell | Hartree, Mabanaft, Vitol, Gunvor | |||
Diesel cargo diffs cif NWE Per tonne ULSD10-ANYD-NWE | Feb +$10-$11 (3 cargoes Hamburg, Amsterdam) | BP | Valen, Vitol, Trafigura | |||
Diesel cargo diffs cif Med per tonne DL-CIFD-MED | ||||||
Jet fuel | Trades | Bids | Offers | Previous Session | Seller | Buyer |
Jet fuel barge diffs fob FARAG per tonne JET-BD-ARA | CCM +$26 | |||||
Jet fuel cargo cif NEW per tonne JET-CD-NWE | TQC $16, TQC $22 |
Fuel Oil | Trades | Bids | Offers | Previous Session | Sell | Buy |
0.5% barge fob ARA per tonne | $578-$590 | |||||
3.5% barge fob ARA per tonne HFO-ARA | $358-$367 | $377-$385 | Gunvor | Peninsula, BP, Vitol |
ICE Low Sulphur Gasoil | LGOc1 | Previous |
Diesel ARA Barge Crack(per barrel) | $33.8 | $35.2 |
Diesel spread | LGOc1-LGOc2 |
Reporting by Ahmad Ghaddar; Editing by Kirsten Donovan
免責聲明: XM Group提供線上交易平台的登入和執行服務，允許個人查看和/或使用網站所提供的內容，但不進行任何更改或擴展其服務和訪問權限，並受以下條款與條例約束：（i）條款與條例；（ii）風險提示；（iii）完全免責聲明。網站內部所提供的所有資訊，僅限於一般資訊用途。請注意，我們所有的線上交易平台內容並不構成，也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。
所有缐上交易平台所發佈的資料，僅適用於教育/資訊類用途，不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議，或是交易價格紀錄，或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。
本網站的所有XM和第三方所提供的内容，包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接，皆爲‘按原狀’，並作爲一般市場評論所提供，而非投資建議。請理解和接受，所有被歸類為投資研究範圍的相關内容，並非爲了促進投資研究獨立性，而根據法律要求所編寫，而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊，相關詳情請點擊 這裡查看。
