Europe Distillates-Diesel margins rise to two-month high

  • Reuters
  • Commodities News
Europe Distillates-Diesel margins rise to two-month high
Credit: © Reuters.

LONDON, May 11 (Reuters) - Northwest European diesel refining margins rose on Tuesday to $6.90 a barrel, their highest since early March, as a U.S. pipeline outage prompted a rise in transatlantic exports.

* Supplies of gasoline tightened further in parts of the United States on Tuesday as the nation's biggest fuel pipeline was shut down for a fifth day after an attack by hackers, raising concerns about price spikes ahead of the Memorial Day holiday. Refiners booked at least five tankers to store gasoline stranded at U.S. Gulf Coast plants following a cyberattack that crippled the biggest fuel pipeline in the country, according to sources and shipping data. Total SE and commodities trading houses Vitol and Trafigura each booked 90,000-tonne tankers to ship diesel on the transatlantic route, shipping data showed, a relatively rare route because Europe consumes more diesel than it produces.

Trades 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

Trafigur Vitol, barge

-$0.25

-$1.25

a

Glenco diffs fob

-$1

re ARA

Per tonne

ARA>

Diesel

June

June

May

BP (LON: BP )

Litasc cargo

+$3

+$4

$5.25

o diffs cif

(Hambu (Amste (Le

NWE

rg)

rdam) Havre)

Per tonne

D-NWE>

Diesel

cargo

diffs cif

Med

per tonne

D>

Jet fuel

Trades Bids

Offers Previous Seller

Buyer

Session

Jet fuel

2

May

May +$22

barge

barges

+$22

diffs fob

FARAG

per tonne

>

Jet fuel

June

June

cargo

+$16

$23

cif NWE per

(Le

(Rotte

tonne

Havre) rdam)

>

Fuel Oil

Trades

Bids

Offers Previous Sell

Buy

Session

0.5% barge $480.25

$477.5 $474.40 Vitol OEI fob ARA per

0

tonne

3.5% barge $368.50

$370

$366.50 Total Vitol fob ARA per

tonne

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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