RTRS: Europe Products-Mixed; diesel up on limited arb
LONDON, Nov 30 (Reuters) - European oil product prices were
mixed on Monday, with gasoline dipping, while heavier products
firmed.
Spot differentials on physical diesel were pushed up by
sellers due to very limited arbitrage imports.
Fuel oil was supported by prolonged shutdowns of simple
refineries in Europe and expected demand for straight run
material as a refinery feedstock, which is often cheaper than
crude oil.
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GASOLINE AND NAPHTHA * Barges of 10ppm unleaded gasoline traded at $690-$691 a
tonne fob ARA, marginally lower than Friday's close at
$690-$694.
* The Eurograde gasoline's crack to dated Brent BFO- fell
about 10 cents from Friday to $6.10 a barrel.
* Brent crude prices LCOc1 firmed by 1 cent to $77.19 a
barrel by 1322 GMT. U.S. crude CLc1 was up 10 cents at $76.15.
* U.S. RBOB gasoline RBc1 futures were 1 percent up at
$1.9466 a gallon, with its crack up at $6.55 a barrel from $6.05
on Friday. RB-CL1=R
MIDDLE DISTILLATES * Differentials on physical middle distillate barges in the
inland market were supported by delays to offloading operation
at Rotterdam last week and the limited arbitrage imports from
Asia and the United States.
* Barges of gas oil with 0.1 percent sulphur were offered at
around parity to benchmark December ICE gas oil futures,
compared with a $5 discount deal fob ARA on Friday.
* Barges of 10ppm were offered at around $15 a tonne
premiums fob ARA, compared with deals at $11.50-$13 a tonne
premiums on Friday.
* By 1333 GMT, gas oil futures were trading at $611.75 a
tonne, having hit $580.00 on Friday, the lowest since Oct. 12.
* The contango to January was around $12 a tonne, little
changed from $11.75 at the close. LGO-1=R
* The prompt crack was around $6.49 a barrel, 10 cents
firmer than the close. LGO-LCO1=R
FUEL OIL * High sulphur fuel oil (HSFO) barges with 3.5 percent
sulphur were offered at $451 a tonne fob ARA without any bids,
firmer than $439-$443 deals on Friday.
* The offer level put HSFO's crack to dated Brent at minus
$5.70 a barrel.
(Reporting by Ikuko Kurahone; editing by James Jukwey)
((ikuko.kurahone@thomsonreuters.com; +44(0)20 7542 8145;
Reuters Messaging: ikuko.kao.reuters.com@reuters.net))
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