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Europe Distillates-Diesel margins rebound

Tue, 02nd Apr 2024 18:55

LONDON, April 2 (Reuters) - Northwest European diesel barge margins ticked $1.91 higher to around $25.05 a barrel on Tuesday, after hitting their lowest since July 2023 on Thursday in the final session before Easter holidays in Europe.

Trades   Bids   Offers  Previous  Seller  Buyer
Session
0.1 GO Barge Apr -$21
diffs fob ARA
per tonne
<GO-ED-ARA>
0.1 GO Cargo
diffs cif NWE
per tonne
<GO-CND-NWE>
0.1 GO Cargo April
diffs cif Med +$6.5
per tonne 0
<GO-CND-MED>
50ppm barge April
diffs fob ARA -$2
per tonne
<GO50PPM-ED-A
RA>

Diesel Trades Bids Offers Previous Seller Buyer
Session
Diesel barge April Apr Shell, BP,
diffs fob ARA +$2.54 $2-$4 Belgom Vitol,
per tonne (34.85K ine Glenco
<ULSD10-BD-AR T) re,
A> Gunvor
,
Totsa
Diesel cargo April Shell BP
diffs cif NWE +$14
per tonne (CIF
<ULSD10-ANYD- Thames)
NWE>
Diesel cargo Med
diffs cif Med +$3
per tonne
<DL-CIFD-MED>

Jet fuel Trades Bids Offers Previous Seller Buyer Session
Jet fuel CCM
barge -$6
diffs fob
FARAG
per tonne
<JET-BD-ARA>
Jet fuel CCM
cargo +$6.50
cif NWE per
tonne
<JET-CD-NWE>

Fuel Oil Trades Bids Offers Previous Seller Buyer Session
0.5% barge $601-602 $589 Shell OEI,
fob ARA per Unite
tonne d
3.5% barge $472-473 $466-$46 Totsa, North
fob ARA per 7 Gunvor star,
tonne BP
<HFO-ARA>
ICE Low Sulphur Gasoil Previous
Diesel ARA Barge $25.05 $23.14
Cracks vs Brent
futures (per barrel)
Diesel spread <LGOc1-LGOc2>

(Reporting by Robert Harvey Editing by Mark Potter)

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