Europe Distillates-Diesel margins slip to near 14-month low as imports climb

Kitco Media
By Reuters
Published:
Updated:
Reuters
LONDON, April 18 (Reuters) - Benchmark Northwest European diesel refining margins slipped to about $16.50 a barrel on Tuesday, their lowest since Feb. 25, 2022, as imports into the regions climbed.
* European diesel imports are set to reach 6.59 million tonnes in April, up from the revised 6.11 million tonnes that arrived in March, Refinitiv data showed.
* Shipments from Russia remain strong despite the EU ban with March and April deliveries totalling 2.18 million tonnes and 2.59 million tonnes, respectively, with almost all set for Turkey or Greece.


* "Consequently, Turkey is importing and exporting record volumes as ship-to-ship activities at Kalamata soars," Refinitiv analysts said.
* China's diesel exports shipments surged to 1.44 million tonnes, up 113.8% in March, from 0.67 million tonnes a year ago, data from the General Administration of Customs showed on Tuesday. 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 0.1 GO Cargo
diffs cif Med
per tonne 50ppm barge May +$3 Glencore Mabana diffs fob ARA ft per tonne
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Diesel Trades Bids Offers Previous Seller Buyer Session
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Diesel cargo
diffs cif Med
per tonne Jet fuel Trades Bids Offers Previous Seller Buyer Session
Jet fuel FBH -$4 Totsa Vitol barge and FBH
diffs fob -$3
FARAG
per tonne Jet fuel May
cargo +$48
cif NEW per
tonne Fuel Oil Trades Bids Offers Previous Sell Buy Session
0.5% barge $539-$541 $540 BP Trafi fob ARA per gura, tonne OEI 3.5% barge $454.50-$ $452-$45 Gunvor Shell fob ARA per 455 4 , , tonne Totsa Penin sula, Aramc o ICE Low Sulphur Gasoil Previous Diesel ARA Barge $16.48 $17.19 Crack(per barrel)
Diesel spread (Reporting by Ahmad Ghaddar; Editing by Sherry Jacob-Phillips)

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