Europe Distillates Diesel cracks edge higher on tight supplies

  • 1/21/2022
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LONDON, Jan 21 (Reuters) - Northwest European diesel barge margins edged slightly higher to about $13.80 a barrel on Friday, supported by tight supplies. Refiners globally are reaping the highest profits from gasoil production in years on stronger than expected demand and tight supplies despite concerns about the Omicron coronavirus variant"s impact on the world economy. read more Gasoil stocks held in independent storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage area fell 8% to 1,686 million tonnes in the week to Thursday, data from Dutch consultancy Insights Global showed. Gasoil stocks were well below their five-year average for this time of the year of around 2.475 million tonnes. Royal Dutch Shell said on Wednesday it plans to carry out major maintenance work at its Pernis oil refinery in the Netherlands in the coming five months. Diesel imports from Asia and the Middle East into Europe were set to drop sharply this week, with just one tanker with a 42,000 tonne cargo set to discharge, compared with 320,000 tonnes last week, according to Refinitiv analysts. Trades Bids Offers Previous Session Seller Buyer 0.1 GO Barge diffs fob ARA per tonne 0.1 GO Cargo diffs cif NWE per tonne Feb flat 0.1 GO Cargo diffs cif Med per tonne 50ppm barge diffs fob ARA per tonne Diesel Trades Bids Offers Previous Session Seller Buyer Diesel barge diffs fob ARA Per tonne Feb +$2.75-$4.50 (17.8KT) Feb +$4.50-$5 Vitol, Litasco, Petroineos Mabanaft, Totsa, BP Diesel cargo diffs cif NWE Per tonne Feb +$6 (Le Havre) Feb +$10 (Donges) Vitol Totsa Diesel cargo diffs cif Med per tonne Jet fuel Trades Bids Offers Previous Session Seller Buyer Jet fuel barge diffs fob FARAG per tonne Jet fuel cargo cif NWE per tonne Feb +$42 Fuel Oil Trades Bids Offers Previous Session Sell Buy 0.5% barge fob ARA per tonne $625-$629.50 $637-$639 Trafigura, Petroineos, BP, Exxon, Mercuria Mercuria, OEI, Peninsula, Shell 3.5% barge fob ARA per tonne $490-$491 ICE Low Sulphur Gasoil Diesel ARA Barge Crack(per barrel) Diesel spread

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