LONDON, Dec 2 (Reuters) - Northwest European diesel profit margins rose by nearly $1 a barrel on the day to $18.30, while Russian Black Sea diesel and gasoil exports are expected to rise in December.
In the Platts window, Aramco Trading and TotalEnergies sought ULSD cargoes in the Mediterranean, while BP offered a cargo. No trades were concluded due to a mismatch in bid and offer dates. In the Mediterranean high-sulphur gasoil cargo market, Bayegan sought a cargo, while Addax offered one. No trades were concluded.
Russian diesel and gasoil exports from the Black Sea port of Tuapse are expected to reach 495,000 tons in December, up from 417,000 tons last month, traders told Reuters.
Tuapse fuel oil exports are expected to reach 210,000 tons in December, down from 240,000 tons last month, according to traders.
Turkey received 57% of Tuapse's total diesel and gasoil exports in November, down from 86% in October, according to Kpler.
EU and UK diesel and gasoil imports rose slightly by 1.25 million barrels per day in November, up from 1.24 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 NWE per tonne GO-CND-NWE | ||||||
0.1 GO Cargo diffs cif Med per tonne GO-CND-MED | Dec + $1 | MCM + $1 | ||||
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 | ||||||
Diesel cargo diffs cif NWE per tonne ULSD10-ANYD-NWE | ||||||
Diesel cargo diffs cif Med per tonne DL-CIFD-MED | MCM + $3 | MCM + $0.25 | ||||
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 | 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) | $18.30 | $17.35 |
Diesel spread | LGOc1-LGOc2 |
(Reporting by Enes Tunagur; Editing by Tasim Zahid)
((Enes.Tunagur@thomsonreuters.com;))
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