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Europe Distillates-Diesel cracks inch up slightly

CommoditiesJan 09, 2019 22:50
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Europe Distillates-Diesel cracks inch up slightly

LONDON, Jan 9 (Reuters) - Northwest European diesel refining margins gained slightly on Wednesday in a very quiet market in which only one barge traded.

* U.S. distillate stockpiles USOILD=ECI , which include diesel and heating oil, rose by 10.6 million barrels last week, more than five times the expected 1.9 million-barrel increase, the EIA data showed. EIA/S

* U.S. oil refiners are estimated to have 697,000 barrels per day (bpd) of capacity offline in the week ending Jan. 11, decreasing available refining capacity by 544,000 bpd from the previous week, research company IIR Energy said on Wednesday.

* The head of the middle distillates desk at the world's top oil trader Vitol, Kenya Matsumoto, is retiring, trading sources said. Matsumoto, who joined Vitol in 2006, will be replaced by Matt Stacey, who moved to Vitol in 2014 after heading Royal Dutch Shell's RDSa.AS middle distillates desk, the sources said.

Trades Bids

Offers Prvs.

Seller Buyer

(vol.)

Session

Gasoil

0.1 GO Barge -

Jan

Jan

-

-

- diffs fob

-$19

-$14

ARA

per tonne

GO-ED-ARA

0.1 GO Cargo -

-

-

-

-

- diffs cif

NWE

per tonne

GO-CND-NWE

0.1 GO Cargo -

-

Feb +$2 -

-

- diffs cif

(Lavera

Med

)

per tonne

GO-CND-MED

50ppm barge

Jan

Jan

-

diffs fob

-$5.5 +$0.5

ARA

per tonne

ARA>

Diesel

Trades Bids

Offers Prv

Seller Buyer

Session

Diesel barge Feb

-

-

Jan +$1 Van

Mabana diffs fob

+$1

(2.8KT) Raak

ft ARA

(3KT)

Per tonne

RA>

Diesel cargo -

-

-

PXG

-

- diffs cif

-$1.50

NWE

(Le

Per tonne

Havre)

-NWE>

Diesel cargo -

-

-

-

-

- diffs cif

Med

per tonne

>

Jet fuel

Trades Bids

Offers Prv

Sell

Buy

Session

Jet fuel

-

-

-

Feb

-

- barge

+$40

diffs fob

FARAG

Per tonne

JET-BD-ARA

Jet fuel

-

-

Feb

Feb

-

- cargo

+$48.5- +$47

cif NWE

49;

(Rotter

per tonne

March

dam)

JET-CD-NWE

+$48-49

GMT 1638

Change

ICE (NYSE:ICE) Low Sulphur Gasoil LGOc1

$565.25

+3.43 pct Diesel crack LGOc1-LCOc1

$14.8465

+0.75 pct Diesel spread LGOc1-LGOc2

0

+$0.25

Europe Distillates-Diesel cracks inch up slightly
 

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