LONDON, April 25 (Reuters) - Northwest European diesel barge margins fell by 71 cents to about $16.24 barrel on Thursday, as independently-held stocks in ARA rose on the week.
- In the Northwest European diesel barge window, a total of 8,100 metric tons of barges traded on Thursday, after a single 1,150 ton barge changed hands on Wednesday.
- Gasoil stocks held in independent storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub rose 2.5% to 2.18 million tons in the week to Thursday, data from Dutch consultancy Insights Global showed. STK-GO-ARA
- High imports from the Middle East helped offset a slight uptick in demand to drive stocks higher, Insights Global's Lars van Wageningen added.
- Diesel imports into Europe forecast for April continued to climb thanks to near record shipments from the U.S. Gulf Coast and strong imports from Asia and the Middle East, LSEG analyst Raj Rajendran said in a note.
- April imports were set to reach 6.23 million metric tons in April, their highest since September 2023 and up sharply from 4.77 million tons in March, according to LSEG data.
- In Singapore, middle distillates stockpiles surged by more than 14% week on week to nearly a three-year high as net exports dipped, official government data showed on Thursday.
Trades Bids Offers Previous Seller Buyer Session 0.1 GO Bargediffs fob ARA per tonne
GO-ED-ARA 0.1 GO Cargo May diffs cif NWE +$1 per tonne
GO-CND-NWE 0.1 GO Cargo diffs cif Med per tonne
GO-CND-MED 50ppm barge diffs fob ARA per tonne
Diesel Trades Bids Offers Previous Seller Buyer Session Diesel barge May -$1 May -$1 Shell, Glencodiffs fob ARA (8.1KT) Total re, per tonne Gunvor
Vitol Diesel cargo June diffs cif NW +$10 E per tonne Diesel cargo May diffs cif Med +$5 per tonne DL-CIFD-MED Jet fuel Trades Bids Offers Previous Seller Buyer
Session Jet fuel FBH FBH FBH -$1, barge -$3 +$2 FBH -$2 diffs fobFARAG per tonne
JET-BD-ARA
Jet fuel May BP Shell cargo +$49.50cif NEW per tonne
JET-CD-NWE
Fuel Oil Trades Bids Offers Previous Seller Buyer Session 0.5% barge $577 (1 $584.5-$ Shell Northfob ARA per barge) 586 star tonne3.5% barge $479 (1 $474-$47 Total Aramc
fob ARA per barge) 4.50 o tonneHFO-ARA ICE Low Sulphur Gasoil LGOc1 Previous
Diesel ARA Barge $16.24 $16.95 Cracks vs Brentfutures (per barrel) Diesel spread LGOc1-LGOc2
- Forums
- Commodities
- News: Europe Distillates-Diesel margins decline as ARA stocks build