* Gasoil inventories held in independent storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage area were little changed in the week to Thursday at 2.36 million tonnes, data from Dutch consultancy Insights Global showed on Thursday.
* Gasoil demand along the Rhine was slightly lower but inland refinery maintenance kept product heading to southwest Germany, Insights Global's Lars van Wageningen said.
* High import levels have been keeping diesel margins under pressure, van Wageningen said.
* 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 soar," Refinitiv clean products analyst Raj Rajendran said.
* However, China may cut quotas for refined oil products exports in a second
batch
for 2023 as domestic demand improves while the need to boost its economy through
oil products abates, a Reuters survey showed.
* U.S. distillate stockpiles, which include diesel and heating oil, fell
last week
by 400,000 barrels to 112.1 million barrels, versus expectations for a
900,000-barrel drop, EIA data showed.
* Saudi Aramco offered more vacuum gasoil (VGO) supplies to be exported from
its
Jizan refinery in May, according to traders and shipping data, in a sign that
the refinery is yet to ramp up to full output.
* The Jizan refinery, Aramco's newest facility, had been expected to ramp up
output for 10-ppm gasoil and cut VGO exports this quarter when it hits full
capacity.
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
diffs fob ARA
per tonne
<GO50PPM-ED-A
RA>
Diesel Trades Bids Offers Previous Seller Buyer
Session
Diesel barge May May May Shell, BP,
diffs fob ARA +$1.50- +$0-$2 +$2-$3 Glencore Vitol,
Per tonne $2 , Unipec BB
<ULSD10-BD-AR Energy
A>
Diesel cargo Jun
diffs cif NEW +$23
Per tonne
<ULSD10-ANYD-
NWE>
Diesel cargo May
diffs cif Med +$10
per tonne Jet fuel Trades Bids Offers Previous Seller Buyer
Session
Jet fuel 2 Totsa Shell,
barge trades Glenco
diffs fob re
FARAG
per tonne Jet fuel May 4 trades
cargo +$49
cif NEW per
tonne Fuel Oil Trades Bids Offers Previous Sell Buy
Session
0.5% barge $510-$513 $528 Totsa, Glenc
fob ARA per .50 Shell, ore,
tonne Trafig OEI,
ura Exxon
3.5% barge $432 $442 Gunvor Penin
fob ARA per sula
tonne ICE Low Sulphur Gasoil Previous
Diesel ARA Barge $13.40 $14.67
Crack(per barrel)
Diesel spread (Reporting by Rowena Edwards;Editing by Elaine Hardcastle)
