Europe Distillates-Cracks end week at three-month high after refinery outage
LONDON, June 10 (Reuters) - Northwest European diesel barge profit margins ended the week at above $60 a barrel, the highest since March, following an refinery outage in Austria and a decline in regional stocks.
Austrian oil and gas group OMV is implementing measures to make up for shortfalls at its Schwechat refinery after a mechanical incident damaged a crude oil distillation unit last week, it said.nL8N2XX2R0
Gasoil stocks held in independent storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage area fell 2.5% in the week to Thursday, data from Dutch consultancy Insights Global showed.ARA/
Gasoil stocks fell as demand up the Rhine river was stable and imports to the region were limited despite a few cargoes coming from Russia, said Insights Global's Lars van Wageningen.
U.S. Distillate stockpiles USOILD=ECI, which include diesel and heating oil, rose by 2.6 million barrels in the week to 109 million barrels, more than double the forecasts for a 1.1 million-barrel rise, the EIA data showed. nL1N2XV1H9
Deliveries of low-sulphur gasoil LGOc1 for June fell to 370 lots, or 37,000 tonnes, touching its lowest since June 2021, InterContinental Exchange (ICE) data showed.
The Intercontinental Exchange ICE will amend terms of its low sulphur gasoil contract to exclude product of Russian origin or exported from the country from gasoil deliveries with effect from January 2023, ICE Futures Europe said.
Trades |
Bids |
Offers |
Previous Session |
Seller |
Buyer |
|
|---|---|---|---|---|---|---|
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 |
Jul $51 (Bilbao) |
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0.1 GO Cargo diffs cif Med per tonne GO-CND-MED |
Jul $24 |
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50ppm barge diffs fob ARA per tonne GO50PPM-ED-ARA |
Jul +$28 |
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Diesel |
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Bids |
Offers |
Previous Session |
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Diesel barge diffs fob ARA Per tonne ULSD10-BD-ARA |
Jul +$62 |
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Diesel cargo diffs cif NWE Per tonne ULSD10-ANYD-NWE |
Jul +$69, + $90 (Amsterdam) |
Jul +$81, +$110 (Milford Haven) |
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Diesel cargo diffs cif Med per tonne DL-CIFD-MED |
Jul $78 (Mersin) |
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Jet fuel |
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Previous Session |
Seller |
Buyer |
Jet fuel barge diffs fob FARAG per tonne JET-BD-ARA |
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Jet fuel cargo cif NWE per tonne JET-CD-NWE |
Jun +$62 |
Fuel Oil |
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Bids |
Offers |
Previous Session |
Sell |
Buy |
0.5% barge fob ARA per tonne |
$898-$903 |
$918-$925 |
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3.5% barge fob ARA per tonne HFO-ARA |
$610 |
ICE Low Sulphur Gasoil |
LGOc1 |
|
Diesel ARA Barge Crack(per barrel) |
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Diesel spread |
LGOc1-LGOc2 |
(Reporting by Ron Bousso; editing by Louise Heavens)
((Ron Bousso
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