Europe Distillates-Diesel profit margins edge higher
28/11/2025 17:11
LONDON, Nov 28 (Reuters) - European diesel refinery profit margins rose nearly 3% on Friday, supported by lower inventories. Low-sulphur gasoil futures LGOc1 traded at a premium of about $26.49 a barrel to Brent crude LCOc1 at 1650 GMT, up 71 cents from the previous close. In the Mediterranean afternoon trading window, Repsol sold a diesel cargo to Aramco for December 8-12 delivery into Koper, Slovenia. Gasoil stocks independently held in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub fell by 7% on the week to 2.02 million tons, data from Dutch consultancy Insights Global showed on Thursday. Serbia's U.S.-sanctioned and Russian-owned NIS oil refinery will continue to operate in so-called idle mode until December 2 as the country expects a sanctions reprieve, energy minister Dubravka Djedovic Handanovic said on Friday. Meanwhile, EU-27 and UK diesel and gasoil imports have reached about 1.08 million bpd so far in November, Kpler data shows, compared with a one-year high of 1.19 million bpd in October.
| 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 | ||||||
| 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 | Med +$10 | Dec +$15 | Dec +$19 | Repsol | Aramco | |
| 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 | $390 | $389 | ||||
| 3.5% barge fob ARA per tonne HFO-ARA | $354 | $355 |
| ICE Low Sulphur Gasoil | LGOc1 | Previous |
| ICE Low Sulphur Gasoil futures vs Brent futures (per barrel) | $26.49 | $25.79 |
| Diesel spread | LGOc1-LGOc2 |
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