Europe Distillates-Diesel cracks slip on higher crude prices

  • Reuters
  • Commodities News
Europe Distillates-Diesel cracks slip on higher crude prices
Credit: © Reuters.

LONDON, Aug 27 (Reuters) - Benchmark northwest European diesel refining margins fell on Tuesday, pressured by rising oil prices.

* Diesel demand in the barge market was slow on Tuesday, with a single barge changing hands in the afternoon trading window.

* Looming refinery maintenance in Europe is expected to support margins, traders said.

* Traders expect about 1.5 million barrels per day (bpd) of refining capacity to be offline in Europe in September.

* BP BP.L said it will begin a planned shutdown at the end of August on "some production facilities" at the Scholven site of its Gelsenkirchen oil refinery in Germany.

* Various units at the plant will be shut down for about seven weeks, BP said.

* Industry monitor Genscape detected slowing furnace stack activity on the vacuum distillation and fluid catalytic cracking units at Total's Antwerp oil refinery. Total TOTF.PA declined to commend on the plant's operations.

Gasoil

Trades Bids

Offers Previous Seller Buyer

Session

0.1 GO

Barge

diffs fob

ARA per

tonne

0.1 GO

Cargo

diffs cif

NWE per

tonne

0.1 GO

Med -$1

Cargo

diffs cif

Med per

tonne

50ppm

barge

diffs fob

ARA per

tonne

D-ARA>

Diesel

Trades Bids

Offers Previous Seller Buyer

Session

Diesel

Belgom BP barge

flat and ine

diffs fob (2KT)

-$0.25

Per tonne

-ARA>

Diesel

cargo

+$4.25

diffs cif

(Amster

Per tonne

YD-NWE>

Diesel

cargo

diffs cif

(Mersin (Laver

per tonne

Jet fuel

Trades Bids

Offers Previous Sell

Session

Jet fuel

barge

diffs fob

FARAG

per tonne

Jet fuel

Shell (LON: RDSa ) Unipec cargo

+$45-$4

cif NWE

8 (four

per tonne cargoes

Havre)

Fuel Oil

Trades

Previous Sell

Session

3.5 pct

$287-$2

Vitol Mercuri barge

$280-$286

a fob ARA per (20KT)

tonne

HFO-ARA

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

LGOc1-LCOc1 Diesel spread

LGOc1-LGOc2

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