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Europe Distillates-Diesel margins rise slightly

Mon, 20th May 2024 18:18

LONDON, May 20 (Reuters) - Northwest European diesel barge refining margins about 20 cents to $19.04 a barrel on Monday amid a flurry of buying activity.

*         Nearly 15,000 metric tons of diesel barges traded on
Monday
after a quiet previous session. Glencore, Shell and BP sold to
TotalEnergies and Litasco.

* EU and UK diesel and gasoil imports are on track to
reach 1.16
million barrels per day this month, Kpler data showed, broadly steady
from April levels.

Jet fuel Trades Bids Offers Previous Seller Buyer Session
Jet fuel FBH -$3 E3ENG BP
barge
diffs fob
FARAG
per tonne
<JET-BD-ARA>
Jet fuel June Unipec BP
cargo +$60
cif NWE per (Rotterd
tonne am);
<JET-CD-NWE> July
+$58

Fuel Oil Trades Bids Offers Previous Seller Buyer Session
0.5% barge $554 (2 $553 (2 Glenco Trafigura
fob ARA per barges) barges) re , BP
tonne
3.5% barge $465 (one $455-457 Gunvor BP
fob ARA per barge) (5
tonne barges)
<HFO-ARA>
ICE Low Sulphur Gasoil Previous
Diesel ARA Barge $19.04 $18.82
Cracks vs Brent
futures (per barrel)
Diesel spread <LGOc1-LGOc2>

(Reporting by Ahmad Ghaddar; Editing by Richard Chang)

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