Europe Distillates-Diesel cracks edge higher on lower Russian exports
LONDON, April 29 (Reuters) - 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 |
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0.1 GO Barge diffs fob ARA per tonne GO-ED-ARA |
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0.1 GO Cargo diffs cif NWE per tonne GO-CND-NWE |
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0.1 GO Cargo diffs cif Med per tonne GO-CND-MED |
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50ppm barge diffs fob ARA per tonne GO50PPM-ED-ARA |
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Diesel |
Trades |
Bids |
Offers |
Previous Session |
Seller |
Buyer |
Diesel barge diffs fob ARA Per tonne ULSD10-BD-ARA |
May +$11 |
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Diesel cargo diffs cif NWE Per tonne ULSD10-ANYD-NWE |
May flat (Le Havre) |
May +$8 (Amsterdam) |
Glencore |
Trafigura |
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Diesel cargo diffs cif Med per tonne DL-CIFD-MED |
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Jet fuel |
Trades |
Bids |
Offers |
Previous Session |
Seller |
Buyer |
Jet fuel barge diffs fob FARAG per tonne JET-BD-ARA |
May +$158 |
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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 |
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3.5% barge fob ARA per tonne HFO-ARA |
$592-$593 |
Vitol, Aramco |
Peninsula, Trafigura |
ICE Low Sulphur Gasoil |
LGOc1 |
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Diesel ARA Barge Crack(per barrel) |
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Diesel spread |
LGOc1-LGOc2 |
(Reporting by Ahmad Ghaddar)
((Ahmad.Ghaddar@thomsonreuters.com; +442075424435; Reuters Messaging: ahmad.ghaddar.thomsonreuters.com@reuters.net))