* Gasoil stocks held in independent storage in the
Amsterdam-Rotterdam-Antwerp (ARA) refining and storage area rose
more than 6% in the week to May 11, data from Dutch consultancy
Insights Global showed.
* High imports were also weighing on margins.
* Diesel arrivals in Europe from the East in April soared to a record high of 4.27 million tonnes, Refinitiv data showed, with May arrivals on the route already at 2.47 million tonnes.
* The Mideast Gulf's share of the total imports reached 2.66
million tonnes or 38.2%, propelling the region for the first
time into the position of the biggest exporter to Europe.
* A fire broke out in a unit at Marathon's plant in
Galveston Bay
on Monday, the Texas City Emergency Management said on Twitter,
adding no "shelter in place" was needed.
* Marathon, which operates the 593,000-barrel-per-day
refinery,
could not be immediately reached for comment.
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 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 June June Vitol, Maban
diffs fob ARA +$5.75- +$4.50 Chevro aft
Per tonne $6.50 n,
<ULSD10-BD-AR Gunvor
A>
Diesel cargo June
diffs cif NWE +$11.5
Per tonne 0
<ULSD10-ANYD-
NWE>
Diesel cargo June
diffs cif Med +$2
per tonne Jet fuel Trades Bids Offers Previous Seller Buyer
Session
Jet fuel
barge
diffs fob
FARAG
per tonne Jet fuel Totsa Shell
cargo CCM -$3
cif NWW per
tonne Fuel Oil Trades Bids Offers Previous Sell Buy
Session
0.5% barge $487-$488 $485 Trafig BP
fob ARA per ura
tonne
3.5% barge $398-$400 $397.50- Shell, BP,
fob ARA per $399 Gunvor Penin
tonne sula, Vitol
ICE Low Sulphur Gasoil Previous
Diesel ARA Barge $17.10 $15.40
Crack(per barrel)
Diesel spread (Reporting by Ahmad Ghaddar; Editing by Shilpi Majumdar)
