Europe Distillates-Cracks slip in well-supplied market

Kitco Media
By Reuters
Published:
Updated:
Reuters
LONDON, March 6 (Reuters) - Northwest European diesel barge profits fell $2 to about $27.6 a barrel on Monday as high imports into the region weighed.
* There are now at least three newly built VLCC's laden with diesel heading to Europe, according to Refinitiv tracking, with total February imports reaching 6.7 million tonnes.
* Tunisia imported record volumes of Russian gasoil and diesel last month as Moscow was forced to find new customers for its oil products, according to traders and tracking data.
* Rosneft's Komsomolsky oil refinery in Russia's Far East will stop selling gasoline and diesel starting from March 9 on a commodity exchange due to maintenance, traders said on Monday, amid the country's plans to reduce its crude oil output.
* U.S. oil refiners are expected to have about 1,467,000 barrels per day of capacity offline for the week ending March 10, increasing available refining capacity by 152,000 bpd, research company IIR Energy said on Monday. 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 April
Cargo -$6
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 March Mar flat
barge -$1.50 to
diffs fob to -$0.50
ARA March (19KT)
Per tonne -$0.25
<ULSD10-BD-
ARA>
Diesel March April
cargo +$11 +$18
diffs cif
NWE
Per tonne
<ULSD10-ANY
D-NWE>
Diesel April Mar +$12
cargo +$6
diffs cif
Med
per tonne
<DL-CIFD-ME
D>



Jet fuel Trades Bids Offers Previous Seller Buyer Session
Jet fuel CCM
barge +$4.50-$
diffs fob 5
FARAG
per tonne
<JET-BD-ARA
>
Jet fuel TQC TQC Totsa, Shell, cargo +$8-$1 +$7-$8 Glencor BP cif NWE per 4 e
tonne
<JET-CD-NWE
>
Fuel Oil Trades Bids Offers Previous Sell Buy Session
0.5% barge $573-$574 BP, OEI fob ARA per Mercur
tonne ial
3.5% barge $412-$414 $398-$39 Vitol, Penin fob ARA per 9 BP sula, tonne BP, Shell ICE Low Sulphur Gasoil Previous Diesel ARA Barge $27.6 $29.6 Crack(per barrel)
Diesel spread (Reporting by Ahmad Ghaddar)

Messaging: ahmad.ghaddar.thomsonreuters.com@reuters.net))
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