Europe Distillates-Diesel cracks firm as Atlantic basin stocks fall

  • Reuters
  • Commodities News
Europe Distillates-Diesel cracks firm as Atlantic basin stocks fall
Credit: © Reuters.

LONDON, April 22 (Reuters) - Northwest European diesel refining margins rose on Thursday to about $5.7 a barrel, buoyed by a sharp fall in Atlantic basin inventories.

* Gasoil stocks held in independent storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub fell by 8% in the week to Thursday to a new one-year low, data from Dutch consultancy Insights Global showed. ARA/

* Stocks stood at 2.09 million tonnes and fell amid exports to the United States and West Africa, while imports slowed, said Insights Global's Lars van Wageningen.

* U.S. distillate stockpiles, which include diesel and heating oil , fell by 1.1 million barrels in the week to 142.4 million barrels, versus expectations for a 956,000-barrel drop, EIA data showed. EIA/S

* Valero Energy Corp (NYSE: VLO ) VLO.N plans to operate its 14 refineries up to 89% of their combined total throughput capacity of 3.15 million barrels per day (bpd) in the second quarter of 2021, a company executive said on Thursday. Bids

Offers Previous Seller

Buyer

Session

0.1 GO

Barge

diffs fob

ARA per

tonne

GO-ED-ARA

0.1 GO

Cargo

diffs cif

NWE per

tonne

>

0.1 GO

Cargo

diffs cif

Med per

tonne

>

50ppm barge

May

diffs fob

-$3.50

ARA per

tonne

-ARA>

Diesel

Trades Bids

Offers Previous Seller

Buyer

Session

Diesel

May

May

Glencore (LON: GLEN ) Finco barge

-$1.50

-$2.75

diffs fob

(2.3KT

ARA

)

Per tonne

ARA>

Diesel

May

May

2

cargo

+$2.75 +$4

cargoes

diffs cif

NWE

Per tonne

D-NWE>

Diesel

cargo

diffs cif

Med

per tonne

D>

Jet fuel

Trades Bids

Offers Previous Seller

Buyer

Session

Jet fuel

May

May

Vitol

BP (LON: BP ) barge

$20

+$20-$20

diffs fob

.25

FARAG

per tonne

>

Jet fuel

May

May

cargo

+$16

+$23

cif NWE per

tonne

>

Fuel Oil

Trades

Bids

Offers Previous Sell

Buy

Session

0.5% barge $459.25

$460

Gunvor BP, fob ARA per (18KT)

,

Trafig tonne

Shell (LON: RDSa ), ura,

Trafig Mercur

ura,

ia,

Mercur OEI

ia

3.5% barge $361.75

$363.25 Litasc BP, fob ARA per (6KT)

o

Mercur tonne

ia, HFO-ARA

Penins

ula ICE (NYSE: ICE ) Low Sulphur Gasoil LGOc1

Diesel ARA Barge

LGOc1-LCOc1

Crack(per barrel)

Diesel spread

LGOc1-LGOc2

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