* Diesel imports into Europe from Asia, the Middle East, the United States
and
Russia, before the EU ban on Russian imports kicked in on Feb. 5, are set to
reach 6.5 million tonnes in February, based on current shipping data, according
to Refinitiv data. That compared with a total of 7.15 million tonnes in January.
* Imports from Asia and the Middle East in February are on course to hit a
record
of 4.22 million tonnes, Refinitiv said.
* "Europe is coping extremely well as we enter the third week into the ban
on
Russian diesel imports, which so far appears to have a greater impact on flows
from Russia while deliveries into Europe are continuing unabated," Refinitiv
analysts said in a note.
* Germany's Schwedt refinery, whose majority owner Rosneft Deutschland has
been
put under trusteeship by the government, will undergo major maintenance this
spring that will lower utilisation to less than half.
* Utilisation at the refinery will be below 50% in April and May, while
reaching a
target of 75% would take two to two-and-a-half years, said Michael Kellner,
state secretary in the Economy Ministry.
* Gasoil stocks held in independent storage in the
Amsterdam-Rotterdam-Antwerp
(ARA) refining and storage area hit a new two-year high in the week to Thursday,
data from Dutch consultancy Insights Global showed.
* Gasoil stocks, which include diesel and heating oil, are at their highest
since
March 2021 on the back of ample imports, including from East Asia and India,
said Insights Global's Lars van Wageningen.
* Diesel supplies and imports into Europe remained high even after the EU
ban on
Russian fuel imports took effect.
* About 5.5 million tonnes of diesel is already scheduled to arrive in
Europe this
month, compared with 7.73 million tonnes in January, Refinitiv analysis shows.
* The February imports are still 12% higher than a year earlier, according
to
Refinitiv.
* Russian diesel exports took a massive hit in the week to Feb. 12, tumbling
to
about 550,000 tonnes compared with the 1.23 million tonnes that loaded in the
week to Feb. 5, Refinitiv data shows.
Trades Bids Offers Previous Seller Buyer
Session
0.1 GO
Barge
diffs fob
ARA per
tonne 0.1 GO
Cargo
diffs cif
NEW per
tonne
<GO-CND-NWE
>
0.1 GO Mar
Cargo -$1
diffs cif (Mala
Med per ga)
tonne
<GO-CND-MED
>
50ppm barge Mar
diffs fob -$5
ARA per
tonne
<GO50PPM-ED
-ARA>
Diesel Trades Bids Offers Previous Seller Buyer
Session
Diesel Mar Mar Mar
barge -$4.5 -$0 to -$3.50
diffs fob 0 to -$3.50
ARA -$7
Per tonne
<ULSD10-BD-
ARA>
Diesel Mar Mar Mar Mercuri Shell
cargo -$2 +$14- +$22 a
diffs cif $16(T (Le
NEW hames Havre)
Per tonne )
<ULSD10-ANY
D-NWE>
Diesel Apr
cargo +$10
diffs cif (Barc
Med elona
per tonne )
<DL-CIFD-ME
D>
Jet fuel Trades Bids Offers Previous Seller Buyer
Session
Jet fuel Mar
barge +$43
diffs fob
FARAG
per tonne
<JET-BD-ARA
>
Jet fuel Mar Mar
cargo +$57 +$67.5
cif NEW per (Milf 0 (Le
tonne ord Havre)
<JET-CD-NWE Haven
> )
Fuel Oil Trades Bids Offers Previous Sell Buy
Session
0.5% barge $537-$538 $545
fob ARA per
tonne
3.5% barge $389, $389
fob ARA per $392
tonne ICE Low Sulphur Gasoil Previous
Diesel ARA Barge $26.1 $24.3
Crack(per barrel)
Diesel spread (Reporting by Ron Bousso; Editing by Mark Potter)
