Diesel cracks edge up, BP Rotterdam to restart
Northwest European diesel barge profit margins edged higher to $40.50 a barrel on Friday, despite reports that the BP Rotterdam refinery is set to restart gradually, as stock levels remained low.
Parts of the BP Rotterdam refinery are expected to restart ahead of Wednesday, a union spokesperson said on Friday.
The plant has been largely idled this month because of a dispute over wages.
But support came after ARA gasoil stocks slipped by nearly 3% to 1.72 million tonnes in the week to Thursday, data from Dutch consultancy Insights Global showed.
U.S. distillate stockpiles, which include diesel and heating oil, rose last week by 3.5 million barrels, ahead of a forecast 1.5 million-barrel rise, EIA data showed.
Europe imported in November a record 7.6 million tonnes of diesel ahead of a Feb. 2023 ban on Russian diesel imports and amid low regional stocks, Refinitiv analysts said.
Yet, half of the imports in November came from Russia, the data showed.
Trades | Bids | Offers | Previous Session | Seller | Buyer | |
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0.1 GO Barge diffs fob ARA per tonne (GO-ED-ARA) | ||||||
0.1 GO Cargo diffs cif NWE per tonne (GO-CND-NWE) | ||||||
0.1 GO Cargo diffs cif Med per tonne (GO-CND-MED) | ||||||
50ppm barge diffs fob ARA per tonne (GO50PPM-ED-ARA) | ||||||
Diesel | Trades | Bids | Offers | Previous Session | Seller | Buyer |
Diesel barge diffs fob ARA Per tonne (ULSD10-BD-ARA) | Dec +$26 | Unipec | Vitol | |||
Diesel cargo diffs cif NWE Per tonne (ULSD10-ANYD-NWE) | ||||||
Diesel cargo diffs cif Med per tonne (DL-CIFD-MED) | ||||||
Jet fuel | Trades | Bids | Offers | Previous Session | Seller | Buyer |
Jet fuel barge diffs fob FARAG per tonne (JET-BD-ARA) | ||||||
Jet fuel cargo cif NWE per tonne (JET-CD-NWE) |
Fuel Oil | Trades | Bids | Offers | Previous Session | Sell | Buy |
0.5% barge fob ARA per tonne | $546-$549.50 | $544-$546 | TotalEnergies, BP | OEI | ||
3.5% barge fob ARA per tonne (HFO-ARA) | $351-$356 | $357-$360 | Gunvor | Northstar, OEI, BP |
ICE Low Sulphur Gasoil | (LGOc1) |
Diesel ARA Barge Crack(per barrel) | $40.50 |
Diesel spread | (LGOc1-LGOc2) |