Europe Distillates-Diesel barge discounts narrow as demand firms

  • Reuters
  • Commodities News
Europe Distillates-Diesel barge discounts narrow as demand firms

LONDON, Aug 21 (Reuters) - Northwest European barge diesel discounts to benchmark diesel futures narrowed on Wednesday in an active trading session.

* Around 23,000 tonnes of diesel traded on barges on Wednesday, more than double Tuesday's volumes.

* U.S. distillate stockpiles USOILD=ECI , which include diesel and heating oil , rose by 2.6 million barrels last week, versus expectations in a Reuters poll of analysts for a 314,000-barrel increase, Energy Information Administration data showed. EIA/

* Russia's Rosneft ROSN.MM , one of the world's top oil producers and exporters, has notified customers that future tender contracts for oil products will be denominated in euros not dollars, five trading sources told Reuters. SOCAR Energoresource LLC is tendering to sell up to 165,000 tonnes of ultra-low sulphur diesel originating from the Antipinsky refinery for loading via the Baltic port of Primorsk in September-October, industry sources said on Wednesday

* Total SA's TOTF.PA 225,500-barrel-per-day capacity Port Arthur, Texas, refinery cut production in half because of a coker malfunction on Tuesday, said Gulf Coast market sources. Gasoil

Trades Bids

Offers Previous Seller Buyer

Session

0.1 GO

Barge

-$9.50

diffs fob

ARA per

tonne

0.1 GO

Cargo

diffs cif

NWE per

tonne

0.1 GO

Cargo

diffs cif

Med per

tonne

50ppm

barge

-$2.50

diffs fob

ARA per

tonne

D-ARA>

Diesel

Trades Bids

Offers Previous Seller Buyer

Session

Diesel

Sept.

barge

-$1.00

diffs fob

Amster -$1.75

Per tonne

-ARA>

Diesel

Total, BP (LON: BP ), cargo

-0.25

Mercuri diffs cif to

a, NWE

-$1.25

Raak, Gunvor Per tonne (22.8KT

Belgom

YD-NWE>

Diesel

cargo

+$5.50

diffs cif

(Koper) (Laver

per tonne

Jet fuel

Trades Bids

Offers Previous Sell

Session

Jet fuel

Vitol, barge

Hartre Shell (LON: RDSa ) diffs fob Sept

FARAG

+$46-$4

per tonne 8

Jet fuel

Vitol Unipec cargo

+$46.5

+$45-$46

cif NWE

per tonne

Fuel Oil

Trades

Previous Sell

Session

3.5 pct

$283-$2

Litasc Shell barge

86.50

$270-$273 o

fob ARA per (22KT)

tonne

HFO-ARA

ICE (NYSE: ICE ) Low Sulphur Gasoil LGOc1 Diesel crack

LGOc1-LCOc1 Diesel spread

LGOc1-LGOc2

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