* The Group of Seven rich nations, the European Union and
Australia have set price caps for Russian diesel and other
refined petroleum products.
* The coalition on Friday said it had set the price caps at
$100
per barrel on products that trade at a premium to crude,
principally diesel, and $45 per barrel for products that trade
at a discount, such as fuel oil and naphtha.
* The price caps are designed to keep markets supplied while
limiting Moscow's revenues after an EU ban on imports of Russian
refined oil products, including diesel and jet fuel, which took
effect on Sunday.
* The market is keeping a watchful eye on the impact of a
major
earthquake that struck Turkey and Syria early on Monday, which
has halted Azeri crude exports from the Turkish port of Ceyhan
to international markets on Feb. 6-8.
* Iraq has also halted crude flows through its northern
export
pipeline to Ceyhan.
* Turkey's STAR refinery, controlled by Azerbaijan's SOCAR
company, was running normally without damage, according to
industry sources.
* Some cargo areas in the Limak port at Turkey's Iskenderun
hub
were still on fire on Monday, with operations stopped, according
to a local shipping agent.
* There are several product terminals at Iskenderun, one trading source said.
* But Europe has been stocking up on diesel supplies ahead of the EU ban, with gasoil stocks in the region reaching a 19-month high last week.
* Gasoil stocks held in independent storage in the
Amsterdam-Rotterdam-Antwerp (ARA) refining and storage area rose
by 6% to their highest since July 2021, data from Dutch
consultancy Insights Global showed on Thursday. Trades Bids Offers Previous Seller Buyer
Session
0.1 GO
Barge
diffs fob
ARA per
tonne 0.1 GO
Cargo
diffs cif
NWE per
tonne
<GO-CND-NWE
>
0.1 GO Feb
Cargo -$16
diffs cif
Med per
tonne
<GO-CND-MED
>
50ppm barge
diffs fob
ARA per
tonne
<GO50PPM-ED
-ARA>
Diesel Trades Bids Offers Previous Seller Buyer
Session
Diesel Feb Feb Feb Feb Shell Vitol
barge -$3.50 -$4.5 -$3.50 -$1.50-$
diffs fob 0-$5 to Feb 2
ARA +$1
Per tonne
<ULSD10-BD-
ARA>
Diesel Feb Feb Feb Feb +$9 Shell Trafig
cargo +$8.75 +$8.7 +$8.25 (Hamburg ura
diffs cif 5 -$10.2 )
NWE 5, Mar
Per tonne +$11-$
<ULSD10-ANY 17
D-NWE>
Diesel Mar
cargo +$2
diffs cif
Med
per tonne
<DL-CIFD-ME
D>
Jet fuel Trades Bids Offers Previous Seller Buyer
Session
Jet fuel Feb Feb BP Unipec
barge +$67 +$67
diffs fob
FARAG
per tonne
<JET-BD-ARA
>
Jet fuel Mar
cargo +$70
cif NEW per
tonne
<JET-CD-NWE
>
Fuel Oil Trades Bids Offers Previous Sell Buy
Session
0.5% barge $531-$53 $543-$54 TotalE Penins
fob ARA per 8 5 nergie ula,
tonne s, Shell,
Trafig Mercur
ura ia
3.5% barge $360-$35 $357-$36 OEI, Penins
fob ARA per 4 1 Gunvor ula,
tonne , Vitol, TotalE BP,
nergie Maersk
s
ICE Low Sulphur Gasoil Previous
Diesel ARA Barge $25.93 $29
Crack(per barrel)
Diesel spread (Reporting by Rowena Edwards)
