Europe Distillates Diesel cracks ease as regional stocks climb

  • 11/18/2021
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Northwest European diesel barge profit margins fell slightly to about $11.50 a barrel on Thursday, pressured by higher regional inventories. Gasoil stocks held in independent storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage area rose by about 1.7% to 1.94 million tonnes in the week to Thursday, data from Dutch consultancy Insights Global showed. U.S. distillate stockpiles, which include diesel and heating oil, fell last week by 824,000 barrels, EIA data showed, versus expectations for a 1.2 million barrels drop. The world"s biggest economies said on Thursday they were looking into releasing oil from their strategic reserves, following a rare request from the United States for a coordinated move to cool global energy prices. [USN:L1N2S90CO] Diesel imports from Asia and the Middle East were expected to reach 242,000 tonnes this week, down by around two thirds from a week earlier, according to Refinitiv research. Total diesel imports from the East and Russia to Europe were set to reach almost 5 million tonnes in November, down from 5.46 million tonnes in October. Trades Bids Offers Previous Session Seller Buyer 0.1 GO Barge 0.1 GO Cargo 0.1 GO Cargo 50ppm barge diffs fob ARA per tonne Diesel Trades Bids Offers Previous Session Seller Buyer Diesel barge Dec +$0.75 Dec +$1.50 Diesel cargo Dec +$3.50 Dec +$7 2 cargoes cif Le Havre, cif Amsterdam Diesel cargo Dec +$3 Dec +$8.50 (Mersin) Jet fuel Trades Bids Offers Previous Session Seller Buyer Jet fuel barge Litasco Vitol Jet fuel cargo Dec +$29 Fuel Oil Trades Bids Offers Previous Session Sell Buy 0.5% barge fob ARA per tonne $549-$552 $550-$551 BP, Glencore Totsa, Peninsula 3.5% barge $418.50-$421 $419-$420 Litasco, Gunvor OEI, Peninsula, Shell ICE Low Sulphur Gasoil Diesel ARA Barge Crack(per barrel) Diesel spread

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