Europe Distillates-Diesel cracks unchanged as oil steadies

  • Reuters
  • Commodities News
Europe Distillates-Diesel cracks unchanged as oil steadies
Credit: © Reuters.

LONDON, April 19 (Reuters) - Northwest European diesel refining margins were steady at about $4.5 a barrel on Monday, as oil prices remained unchanged.

* Oil prices were little changed, supported by a weaker U.S. dollar but pressured by concerns about the impact on demand from rising coronavirus cases in India and other countries. O/R

* China's diesel exports in March hovered near a record level, data showed on Sunday, as companies battled to ease brimming domestic inventories. Ukraine could face diesel shortages in May because of planned maintenance at the Belarus Mozyr refinery coinciding with a break in supply from Russia's Rosneft ROSN.MM , five trading sources told Reuters. Industry energy intelligence company Genscape said on Monday that gasoline hydrotreater at Total 's TOTF.PA Antwerp plant was shut in the early hours of the day. Genscape also said hydrocracker and hydrogen plants at Total's Normandy refinery were shut down on April 17. Total said it was not be able to make comment on its operations.

* U.S. oil refiners are expected to have 1.3 million barrels per day (bpd) of capacity offline for the week ending April 23, increasing available refining capacity by 513,000 bpd from the previous week, research company IIR Energy said on Monday. 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

diffs fob

ARA per

tonne

-ARA>

Diesel

Trades Bids

Offers Previous Seller

Buyer

Session

Diesel

May

May

BP (LON: BP )

RELIAN barge

-$2.50

-$2.75

CE diffs fob

(2KT)

(2KT)

ARA

Per tonne

ARA>

Diesel

May

May

cargo

$1.50 $3.75

diffs cif

to $2 (Amste

NWE

(Amste rdam)

Per tonne

rdam)

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 barge

$19

+$20,

diffs fob

May +$21

FARAG

(3

per tonne

barges)

>

Jet fuel

May

May

cargo

$16

$22.50

cif NWE per

(Havre (Rotte

tonne

)

rdam)

>

Fuel Oil

Trades

Bids

Offers Previous Sell

Buy

Session

0.5% barge $470

$472

SHELL TRAFIG fob ARA per (12KT)

(32KT)

URA tonne

3.5% barge $368.50

$370.50 TRAFIG BP, fob ARA per (6KT)

(46KT)

URA

MERCUR tonne

IA HFO-ARA

ICE (NYSE: ICE ) Low Sulphur Gasoil LGOc1

Diesel ARA Barge

LGOc1-LCOc1

Crack(per barrel)

Diesel spread

LGOc1-LGOc2

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100

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