Europe Distillates-Diesel margins dip with US set to rise

China Aviation Oil (Singapore)

22/11/2024 17:16

LONDON, Nov 22 (Reuters) - Northwest European diesel
profit margins dropped on Friday to $18.80 a barrel after
Atlantic basin inventories declined while imports into the
region were set to rise.
    * Traders said diesel exports from the U.S. Gulf Coast were
set to
rise in November from the previous month.
    * Gasoil stocks independently held in the
Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub
declined by 2% in the week to Thursday, data from Dutch
consultancy Insights Global showed.
    * Gasoil stocks, which include diesel and heating oil,
declined to
2.37 million tons due to strong demand in inland markets up the
Rhine River, Insight Global's Lars van Wageningen said.
    * U.S. distillate stockpiles, which include diesel and
heating
oil, fell last week by 100,000 barrels to 114.3 million barrels,
versus expectations for a 20,000-barrel decline, EIA data
showed.

                Trades  Bids   Offers  Previo  Seller  Buyer
                                       us              
                                       Sessio          
                                       n               
 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                  Dec                      
 diffs cif Med                 +$1                     
 per tonne                                             
  GO-CND-MED                                           
 50ppm barge                                            
 diffs fob ARA                                         
 per tonne                                             
                                                    
                                                        
 Diesel         Trades  Bids   Offers  Previo  Seller  Buyer
                                       us              
                                       Sessio          
                                       n               
 Diesel barge                                           
 diffs fob ARA                                         
 per tonne                                             
                                                     
 Diesel cargo           Dec    Dec                     
 diffs cif              +$11.  +$18                    
 NEW                    50                             
 per tonne                                             
                                                   
 Diesel cargo           Dec    Dec     Med             
 diffs cif Med          +$13   +$11    +$0.75          
 per tonne                                             
  DL-CIFD-MED                                          
                                                        
 Jet fuel       Trades  Bids   Offers  Previo  Seller  Buyer
                                       us              
                                       Sessio          
                                       n               
 Jet fuel                                               
 barge                                                 
 diffs fob                                             
 FARAG                                                 
 per tonne                                             
  JET-BD-ARA                                           
 Jet fuel                                               
 cargo                                                 
 cif NEW per                                           
 tonne                                                 
  JET-CD-NWE                                           
     
 Fuel Oil      Trades   Bids   Offers  Previous  Seller  Buyer
                                       Session           
 0.5% barge                              $419-4          
 fob ARA per                           20 (3             
 tonne                                 barges)           
 3.5% barge                             $493.25          
 fob ARA per                           -494 (6           
 tonne                                 barges)           
  HFO-ARA                                                
 ICE Low Sulphur          LGOc1           Previous
 Gasoil                                   
 Diesel ARA Barge        $18.80           $19.29
 Cracks vs Brent                           
 futures (per barrel)                     
 Diesel spread            LGOc1-LGOc2      
 
 (Reporting by Ron Bousso; Editing by Shreya Biswas)
 ((Ron Bousso
email: ron.bousso@thomsonreuters.com
Twitter: https://twitter.com/ronbousso1
Tel.: +44 (0)207 542 2161
Reuters Messaging: ron.bousso.reuters.com@reuters.net))