Europe Distillates-Diesel margins rise to 19-week high

Reuters11-20

LONDON, Nov 19 (Reuters) - Northwest European diesel barge profit margins rose to about $19.72 a barrel on Tuesday, their highest since July 7, supported by cold weather and lower imports.

Colder weather across northwest Europe was expected to increase demand for 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.
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.
Refinery maintenance in the Middle East and high Asian prices were curbing arbitrage opportunities to Europe, traders said.

	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 flat (Algeciras)
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 +$13 (Bordeaux); Dec +$8.50 (Thames); Dec +$9.50 (Hamburg)
Diesel cargo diffs cif Med per tonne DL-CIFD-MED	Med +$0.75	Dec +$16.50 (Koper)	Dec +$16 (Tangier)		Vitol	BP

Jet fuel	Trades	Bids	Offers	Previous Session	Seller	Buyer
Jet fuel barge diffs fob FARAG per tonne JET-BD-ARA				Dec +$30
Jet fuel cargo cif NWE per tonne JET-CD-NWE			Dec +$42

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)	$19.72	$19.27
Diesel spread	LGOc1-LGOc2

(Reporting by Ahmad Ghaddar; Editing by Emelia Sithole-Matarise)

((Ahmad.Ghaddar@thomsonreuters.com; +442075424435; Reuters Messaging: ahmad.ghaddar.thomsonreuters.com@reuters.net))

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Europe Distillates-Diesel margins rise to 19-week high

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