LONDON, Nov 29 (Reuters) - Diesel barge premiums over gasoil futures dropped in northwest Europe to their lowest in three weeks on tepid demand for oil products in the region.

Outright barge prices were near a three-month high, however, as the underlying price of front month gasoil climbed, which limited demand for physical supplies of distillates, traders said.

Ultra-low sulphur diesel, or ULSD, and 50ppm heating oil attracted little buying interest.

Heating oil traded at a discount to diesel, but traders did not expect demand to increase in the short term as temperatures in the region were forecast to remain relatively mild.

"There is very little demand. With the 50ppm quote down to single digits, we are seeing some Germans looking for cheap barrels," a barge trader said.

Supplies of gasoil remained relatively limited in northwest Europe as cargoes headed to the Mediterranean and West Africa where demand has been relatively strong, traders said.

GASOIL EURO/DIFF/GO

* Two barges of 0.1 percent gasoil traded flat to December ICE gasoil futures a tonne fob ARA, up from a $1 a tonne discount. Vitol sold to AST.

* One barge of 50 ppm gasoil traded at $8 a tonne fob ARA above the December gasoil futures, similar to Thursday's trades. AST sold to Cargill.

* There were no gasoil cargo trades in northwest Europe. Gunvor bid for one cargo cif Le Havre at $4.50 a tonne above the January gasoil futures.

* There were no trades in the Mediterranean. Gunvor bid for one cargo cif Thessaloniki.

* By 1651 GMT December ICE gasoil futures LGOc1 were up $2 a tonne at $944.00 a tonne.

* The ICE gasoil crack LGO-LCO1=R was at $15.70 a barrel, up slightly from $15.59 a barrel on Thursday.

* December and January ICE gasoil futures were in a slight backwardation LGO-1=R of 25 cents a tonne, down from $1 a tonne a day earlier.

DIESEL ULSD10-BD-ARA

* Vitol sold two diesel barges at $11 and $12 a tonne fob ARA above the December gasoil futures, compared with premiums of

$12-$13 a tonne on Thursday. It sold to Cargill and TPR.

* No cargoes traded in northwest Europe. There were no offers and two bids from Morgan Stanley, including one at $18 a tonne cif Hamburg above the December gasoil futures.

* No cargoes traded in the Mediterranean. ERG and Total bid for three cargoes cif Koper, Lavera and La Nouvelle. There were no offers.

JET FUEL JET-BD-ARA

* No jet fuel barges traded. There were no bids or offers.

* No cargoes traded. Vitol offered two cargoes, including one at $68.00 a tonne fob ARA above the January ICE gasoil futures. Trafigura and BP bid for two cargoes.

FUEL OIL EURO/DIFF/FO

* No barges of low-sulphur fuel oil (LSFO) with 1 percent sulphur content traded.

* Barges of high-sulphur fuel oil (HSFO) with 3.5 percent sulphur content traded at $572.50-$574.75 a tonne fob ARA. Around 40,000 tonnes traded.

(Reporting by Ron Bousso; editing by Jane Baird)

((Ron Bousso)(email: ron.bousso@thomsonreuters.com)(Tel.: +44)(0)(207 542 2161)(Reuters Messaging: ron.bousso.reuters.com@reuters.net)) 

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