Europe Products-Distillates, fuel oil firm on run cuts

LONDON, Nov 6 (Reuters) - Extended maintenance shutdowns and
run cuts in European refineries supported middle distillates and
fuel oil on Friday.

Differentials on physical diesel and gas oil firmed with
some spot demand from Germany and fuel oil was discussed near
13-month-high price levels.

Intermittent disruption to loading operations at the Black
Sea port of Novorossiisk since late last week have supported
heavier products. The operations has resumed on Friday.

In contrast, gasoline cracks weakened as the closed
arbitrage to the United States offset the regional refinery run
cuts.

For refinery maintenance table, click [REF/E] [REF/OUT]

GASOLINE AND NAPHTHA <EURO/DIFF/MOGAS>

* Barges of 10ppm premium unleaded winter gasoline traded
between $705 and $707 a tonne fob ARA, dipping from $711-$712 at
Thursday's close.

* Gasoline's crack to dated Brent BFO- weakened to $6.15 a
barrel from $7.25 at the close.

* The crack has weakened from $9.50 at the end of October as
the arbitrage export window to the United States is shut, after
opening most of the second half of the last month.

* U.S. RBOB gasoline's RBc1 crack to U.S. crude futures
were even weaker around $3.80 a barrel.

* Swaps showed that the arbitrage to the United States
turned negative again for November, after flipping to positive
very briefly on Thursday.

* Traders could expect to make a loss of 30 cents a tonne in
November. December arbitrage was a profit of $2.90 in December.

* Gasoline swaps fell and the forward curve weakened. The
balance of November was $696.25 a tonne, with backwardation to
December narrowing by 50 cents to $1.75. The spread between
December and January was contango of $7.75.

MIDDLE DISTILLATES <EURO/DIFF/GO>

* Barges of 10ppm diesel were offered at a premium of $15.50
a tonne fob ARA to November ICE gas oil futures, having traded
at $15. At the close on Thursday, they traded at $10 premiums.

* Barges of gas oil with 0.1 percent sulphur were offered at
discounts of $2 a tonne fob ARA to the benchmark and bid at
$3/$4 discounts. Gas oil traded at $5 discounts at the close.

* Benchmark November ICE gas oil futures fell $12.25 to
$627.50 a tonne by 1201 GMT. LGOc1 NEWOILOIL

* Gas oil's crack to ICE Brent futures was at $7.50/$8.26 a
barrel, compared with $7.88 at the close. LGO-LCO1=R

* The prompt contango widened to $7.50/$10.25 a tonne from
$8.25 at the close.

FUEL OIL <EURO/DIFF/FO>

* High sulphur fuel oil (HSFO) barges with 3.5 percent
sulphur were discussed at $455 and $459 a tonne fob ARA, holding
near the highest traded prices in 13 months on Thursday at
$455-$459.

* HSFO's crack to dated Brent widened to minus $5.65 a
barrel from minus $5.10.

PORTS

* Oil lifting and berthing operations at the Black Sea port
of Novorossiisk, the export hub for Russian Urals crude URL-E
and products resumed on Thursday at 2125 Moscow time (1825 GMT),
a port source said. [ID:nL6199655 ]

* The port had been closed due to a storm warning since
Wednesday, Nov 4, 0910 GMT [ID:nL5444877] and had been disrupted
over the weekend. [ID:nL6199655]

* Shipping data showed Green Star finished loading fuel oil
at the port and Robert Maersk 30,000 tonnes of gas oil.

* A 24-hour French port strike blocked four oil product
vessels at the Fos-Lavera oil hub near Marseille, a port
spokeswoman told Reuters on Friday. [ID:nL6720908]

(Reporting by Emma Farge and Ikuko Kurahone; editing by Sue
Thomas)