LONDON, April 24 (Reuters) - Northwest European diesel barge margins fell slightly to about $16.90 a barrel on Wednesday, on sluggish demand and ample imports.
- Buying activity in the afternoon trading window remained slow for a second consecutive session with Shell selling a single barge to Vitol.
- 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.
- Russia's diesel output in the first quarter this year was down 2.2% compared with the same time last year to 21.9 million tons the state statistics service Rosstat said on Wednesday, as country's oil refining capacity was damaged by Ukrainian drone attacks.
Trades Bids Offers Previous Seller Buyer Session 0.1 GO Bargediffs 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
Diesel Trades Bids Offers Previous Seller Buyer Session Diesel barge May -$1 May -$4 Shell Vitoldiffs fob ARA per tonne
Diesel cargo June diffs cif NW +$10 E per tonne Diesel cargo May diffs cif Med +$4 per tonne DL-CIFD-MED Jet fuel Trades Bids Offers Previous Seller Buyer
Session Jet fuel FBH TotalE BP barge -$1, nergie diffs fob FBH -$2 s FARAGper tonne
JET-BD-ARA Jet fuel CCM May cargo -$3 +$50.5 cif NEW per 0 tonne
JET-CD-NWE
Fuel Oil Trades Bids Offers Previous Seller Buyer Session 0.5% barge $584.5-$5 $588-$59 Shell, BP,fob ARA per 86 0 TotalE Mercu tonne nergie rias 3.5% barge $474-$474 $470-$47 Gunvor Peninfob ARA per .50 2 sula, tonne AramcHFO-ARA o ICE Low Sulphur Gasoil LGOc1 Previous
Diesel ARA Barge $16.86 $17.21 Cracks vs Brentfutures (per barrel) Diesel spread LGOc1-LGOc2
