Europe Distillates-Diesel margins rise

China Aviation Oil (Singapore)

02/12/2024 17:39

LONDON, Dec 2 (Reuters) - Northwest European diesel
profit margins rose by nearly $1 a barrel on the day to $18.30,
while Russian Black Sea diesel and gasoil exports are expected
to rise in December.

    * In the Platts window, Aramco Trading and TotalEnergies
sought
ULSD cargoes in the Mediterranean, while BP offered a cargo. No
trades were concluded due to a mismatch in bid and offer dates.
In the Mediterranean high-sulphur gasoil cargo market, Bayegan
sought a cargo, while Addax offered one. No trades were
concluded.
    * Russian diesel and gasoil exports from the Black Sea port
of
Tuapse are expected to reach 495,000 tons in December, up from
417,000 tons last month, traders told Reuters.
    * Tuapse fuel oil exports are expected to reach 210,000 tons
in
December, down from 240,000 tons last month, according to
traders.
    * Turkey received 57% of Tuapse's total diesel and gasoil
exports
in November, down from 86% in October, according to Kpler.
    * EU and UK diesel and gasoil imports rose slightly by 1.25
million barrels per day in November, up from 1.24 million bpd in
October, Kpler 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 NWE                                            
 per tonne                                                
  GO-CND-NWE                                              
 0.1 GO Cargo           Dec +   MCM + $1                   
 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                                             
 diffs cif                                                
 NWE                                                      
 per tonne                                                
                                                      
 Diesel cargo           MCM +   MCM +                     
 diffs cif Med          $3      $0.25                     
 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 NWE per                                              
 tonne                                                    
  JET-CD-NWE                                              
     
 Fuel Oil      Trades   Bids   Offers  Previous  Seller  Buyer
                                       Session           
 0.5% barge                                              
 fob ARA per                                             
 tonne                                                   
 3.5% barge                                              
 fob ARA per                                             
 tonne                                                   
  HFO-ARA                                                
 ICE Low Sulphur          LGOc1           Previous
 Gasoil                                   
 Diesel ARA Barge        $18.30           $17.35
 Cracks vs Brent                          
 futures (per barrel)                     
 Diesel spread            LGOc1-LGOc2      
 
 (Reporting by Enes Tunagur; Editing by Tasim Zahid)
 ((Enes.Tunagur@thomsonreuters.com;))