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Europe Distillates-Diesel cracks edge higher on lower Russian exports

reuters.com · 04/29/2022 12:15
Europe Distillates-Diesel cracks edge higher on lower Russian exports

- Northwest European diesel profit margins rose on Friday to above $60 a barrel as Russian exports were set to fall by a third next month.

  • Russia's exports of ultra-low sulphur diesel (ULSD) from the Baltic Sea port of Primorsk are set to fall by 30.9% month on month on a daily basis in May to 1.114 million tonnes, from 1.56 million tonnes scheduled for April, traders said on Friday. nL5N2WR1C2

  • Russian oil giant Rosneft OJSCY is not scheduled to export any diesel from the Baltic port of Primorsk in May as its main buyer, Swiss-based trading house Trafigura, scales back Russian oil purchases, trading sources said on Friday. nL5N2WR4LW

  • Gasoil stocks held in independent storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage area ticked up in the week to Thursday from an eight-year low in the previous week, data from Dutch consultancy Insights Global showed. ARA/

  • European diesel imports from Russia are set to fall in April but will still exceed those from other regions, highlighting the challenge European governments face as they contemplate new sanctions on Russian oil. nL5N2WO4LB

  • TotalEnergies began the process of restarting the 231,000 barrel per day (bpd) Donges oil refinery in France on April 26, after the plant was taken offline in December 2020.nL5N2WQ6WF

  • Austria's OMV said on Friday it was planning turnarounds at its Schwechat refinery in the second quarter and at its Burghausen refinery in the third quarter. REF/OUT




Trades

Bids

Offers

Previous Session

Seller

Buyer

0.1 GO Barge

diffs fob ARA per tonne GO-ED-ARA







0.1 GO Cargo

diffs cif NWE per tonne GO-CND-NWE








0.1 GO Cargo

diffs cif Med per tonne GO-CND-MED








50ppm barge diffs fob ARA per tonne

GO50PPM-ED-ARA














Diesel

Trades

Bids

Offers

Previous Session

Seller

Buyer

Diesel barge

diffs fob ARA

Per tonne

ULSD10-BD-ARA



May +$11




Diesel cargo

diffs cif NWE

Per tonne

ULSD10-ANYD-NWE

May flat (Le Havre)



May +$8 (Amsterdam)

Glencore

Trafigura

Diesel cargo

diffs cif Med

per tonne

DL-CIFD-MED















Jet fuel

Trades

Bids

Offers

Previous Session

Seller

Buyer

Jet fuel barge

diffs fob FARAG

per tonne

JET-BD-ARA


May +$158





Jet fuel cargo

cif NWE per tonne

JET-CD-NWE


May +$155





Fuel Oil

Trades

Bids

Offers

Previous Session

Sell

Buy

0.5% barge fob ARA per tonne

$798-$802



$775-$793

Mercuria, Totsa

OEI

3.5% barge

fob ARA per tonne HFO-ARA

$592-$593




Vitol, Aramco

Peninsula, Trafigura

ICE Low Sulphur Gasoil

LGOc1


Diesel ARA Barge Crack(per barrel)



Diesel spread

LGOc1-LGOc2



(Reporting by Ahmad Ghaddar)

((Ahmad.Ghaddar@thomsonreuters.com; +442075424435; Reuters Messaging: ahmad.ghaddar.thomsonreuters.com@reuters.net))