Europe Distillates-Diesel margins hit over 4-month high

Reuters11-19

LONDON, Nov 18 (Reuters) - Northwest European diesel barge profit margins rose above $19 a barrel on Friday, their highest since early August, as cold weather was expected to boost regional demand.

Colder weather across northwest Europe was expected to increase demand fopr heating oil, traders said.
European diesel supplies were expected to tighten in December due to lower import levels and regional production, Sparta Commodities analyst Neil Crosby said.
Gasoil stocks independently held in the Amsterdam-Rotterdam-Antwerp $(ARA)$ refining and storage hub rose by over 18% in the week to Nov. 14 to their highest in six weeks, data from Dutch consultancy Insights Global showed.
Stocks stood at 2.42 million metric tons, rising as large cargoes from the Middle East discharged in the region, Insight Global's Lars van Wageningen said. He added that demand for heating oil from inland locations was robust.
EU and UK diesel and gasoil imports are on track to reach 1.08 million bpd this month, down from 1.26 million bpd in October, Kpler data showed.

	Trades	Bids	Offers	Previous Session	Seller	Buyer
0.1 GO Barge diffs fob ARA per tonne GO-ED-ARA
0.1 GO Cargo diffs cif NEW per tonne GO-CND-NWE
0.1 GO Cargo diffs cif Med per tonne GO-CND-MED			Dec +$4
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 +$3
Diesel cargo diffs cif NEW per tonne ULSD10-ANYD-NWE		Dec +$6
Diesel cargo diffs cif Med per tonne DL-CIFD-MED		Dec +$13		Dec $10 (Malta)

Jet fuel	Trades	Bids	Offers	Previous Session	Seller	Buyer
Jet fuel barge diffs fob FARAG per tonne JET-BD-ARA
Jet fuel cargo cif NEW per tonne JET-CD-NWE

Fuel Oil

Trades

Bids

Offers

Previous Session

Seller

Buyer

0.5% barge fob ARA per tonne

3.5% barge

fob ARA per tonne HFO-ARA

ICE Low Sulphur Gasoil	LGOc1	Previous
Diesel ARA Barge Cracks vs Brent futures (per barrel)	$19.27	$18.21
Diesel spread	LGOc1-LGOc2

(Reporting by Ron Bousso)

((Ron Bousso

email: ron.bousso@thomsonreuters.com

Twitter: https://twitter.com/ronbousso1

Tel.: +44 (0)207 542 2161

Reuters Messaging: ron.bousso.reuters.com@reuters.net))

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Europe Distillates-Diesel margins hit over 4-month high

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