* U.S. distillate stockpiles, which include diesel and heating oil, fell last week by almost 600,000 barrels to 111.5 million barrels, less than forecasts for a 800,000-barrel draw, EIA data showed.
* Diesel exports to Europe are set to soar to 7.37 million tonnes in April, their highest since January, Refinitiv data shows.
* Exports from the East for arrival in April are set to reach a new record high of 4.39 million tonnes, the data showed.
* Demand in Europe remained stable with seasonal demand from the agricultural sector, but strong imports into the region continued to weigh on prices, traders said.
* Diesel refining margins in Asian and U.S. markets have been under pressure as Russian exports continue despite sanctions, helping output from China and India reach all-time highs in March.
* The 97,000-barrels per day refinery at Lingen in Germany was taken offline for a planned
major
maintenance in mid-April, operator BP said in a statement, without specifying the length
of the shutdown.
* Russia's refiners, keen to take advantage of good margins, have increased output and
companies
have exported more refined products despite an EU embargo and oil price cap, data cited by two
industry sources showed, and two traders said.
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 +$1
diffs fob ARA
per tonne
<GO50PPM-ED-A
RA>
Diesel Trades Bids Offers Previous Seller Buyer
Session
Diesel barge May May Shell Vitol
diffs fob ARA +$0.75- +$1-$1.7
Per tonne $1.25 5 (7KT)
<ULSD10-BD-AR
A>
Diesel cargo May May
diffs cif NWE +$12 +$18
Per tonne (Brest) (Le
<ULSD10-ANYD- Havre)
NWE> , May
+$14
(Amste
rdam)
Diesel cargo
diffs cif Med
per tonne Jet fuel Trades Bids Offers Previous Seller Buyer
Session
Jet fuel FBH -$3 CCM
barge -$2
diffs fob
FARAG
per tonne Jet fuel May CCM
cargo +$58 -$2
cif NEW per (Rotter
tonne dam) Fuel Oil Trades Bids Offers Previous Sell Buy
Session
0.5% barge $532 $532
fob ARA per
tonne
3.5% barge $432-$436 $434 Total EOI
fob ARA per
tonne ICE Low Sulphur Gasoil Previous
Diesel ARA Barge $14.4 $15
Crack(per barrel)
Diesel spread (Reporting by Ron Bousso; Editing by Shailesh Kuber)
