* U.S. distillate stockpiles, which include diesel and
heating
oil, rose by 2.9 million barrels last week to 120.5 million
barrels, its highest in a year, EIA data showed. Analysts had
expected a 0.1 million-barrel rise.
* 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.
* 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.
Trades Bids Offers Previous Seller Buyer
Session
0.1 GO Mar
Barge -$22
diffs fob
ARA per
tonne 0.1 GO Feb
Cargo -$21
diffs cif
NWE per
tonne
<GO-CND-NWE
>
0.1 GO
Cargo
diffs cif
Med per
tonne
<GO-CND-MED
>
50ppm barge Feb
diffs fob -$3-$
ARA per 6
tonne
<GO50PPM-ED
-ARA>
Diesel Trades Bids Offers Previous Seller Buyer
Session
Diesel Feb Feb Feb Feb
barge -$3.50 -$4-$ -$3.50 -$3.50
diffs fob 5 -$0
ARA
Per tonne
<ULSD10-BD-
ARA>
Diesel Feb Feb Valent BP
cargo +$5.75 +$11.50
diffs cif (Amste
NWE rdam)
Per tonne
<ULSD10-ANY
D-NWE>
Diesel Mar
cargo +$2
diffs cif (Barc
Med elona
per tonne )
<DL-CIFD-ME
D>
Jet fuel Trades Bids Offers Previous Seller Buyer
Session
Jet fuel
barge
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 $558-$56 $548-$54
fob ARA per 8 9
tonne
3.5% barge $382 $370-$37
fob ARA per 1
tonne ICE Low Sulphur Gasoil Previous
Diesel ARA Barge $29.76 $26.04
Crack(per barrel)
Diesel spread (Reporting by Ron Bousso)
