* The impact of the EU ban on Russian refined product
imports as
well as a price cap for Russian diesel are still emerging.
* Refinitiv data, however, already show northwest Europe is
no
longer a major destination for Russian diesel this month, with
half of its Feb. 1-8 loadings bound for Turkey.
* Ship-to-ship destinations such as Kalamata, Gibraltar and
Ceuta
are also appearing for Russian diesel exports.
* But diesel flows into Europe remain high.
* Around 4.77 million tonnes of diesel is already scheduled to arrive into Europe this month, compared with a total 7.73 million tonnes in January, according to Refinitiv analysis.
* The Group of Seven rich nations, the European Union and
Australia set price caps for Russian diesel and other refined
petroleum products on Friday, while the EU ban on Russian
refined oil product imports took effect on Sunday.
* Intercontinental Exchange on Tuesday announced its
first
delivery of low sulphur gasoil futures since Russian oil was
excluded from the contract at the end of 2022, with a total of
69,800 tons entering the deliver process.
* 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 Mar
Barge -$22
diffs fob
ARA per
tonne 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 Seller Buyer
Session
Diesel Feb Feb Feb Feb Shell Finco,
barge -$3.50 -$4-$ -$3.50 -$3.50 Vitol
diffs fob 5 -$0
ARA
Per tonne
<ULSD10-BD-
ARA>
Diesel Feb Feb Feb Feb BP Vitol
cargo +$11.5 +$9-$ +$6-$1 +$8.75
diffs cif 0 11.50 0, Mar
NWE +$15
Per tonne
<ULSD10-ANY
D-NWE>
Diesel Mar
cargo +$3
diffs cif
Med
per tonne
<DL-CIFD-ME
D>
Jet fuel Trades Bids Offers Previous Seller Buyer
Session
Jet fuel FBH Feb +$67 Total Vitol
barge +$8
diffs fob
FARAG
per tonne
<JET-BD-ARA
>
Jet fuel Mar
cargo +$71
cif NEW per
tonne
<JET-CD-NWE
>
Fuel Oil Trades Bids Offers Previous Sell Buy
Session
0.5% barge $548-$54 $531-$53 Trafig Shell,
fob ARA per 9 8 ura Mercur
tonne ia
3.5% barge $370-$37 $360-$35 Gunvor BP,
fob ARA per 1 4 , Penins
tonne Aramco ula, Vitol
ICE Low Sulphur Gasoil Previous
Diesel ARA Barge $29.76 $26.04
Crack(per barrel)
Diesel spread (Reporting by Rowena Edwards; Editing by Shailesh Kuber)
