Europe Distillates-Diesel profit margins edge lower
04/12/2025 17:12
LONDON, Dec 4 (Reuters) - European diesel refinery profit margins fell by around 44 cents on Thursday, even as independently held inventories in Amsterdam-Rotterdam-Antwerp (ARA) fell in the last week according to Dutch consultancy Insights Global. Low-sulphur gasoil futures LGOc1 traded at a premium of about $23.90 a barrel to Brent crude LCOc1 at 1651 GMT. Crack spreads have fallen to their lowest since late October, and are down from their highs of over $34 per barrel in late-November. Gasoil stocks, which include diesel, were lower by 3% at 1.96 million tons, Insights Global's Lars van Wageningen said. ARA/ The Trump administration on Thursday allowed transactions with Lukoil gas stations outside of Russia with a narrow waiver to sanctions the U.S. imposed in October for the role the company's revenues play in supporting Moscow's war in Ukraine. U.S. distillate stockpiles, which include diesel and heating oil, fell by 293,000 barrels last week to 114.3 million barrels, versus expectations for a 0.7 million-barrel rise, the Energy Information Administration said on Wednesday. EU-27 and UK diesel and gasoil imports from other regions reached about 1.06 million bpd in November, Kpler data showed, down from 1.2 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 | Med +$5 | |||||
| 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 | NWE +$3 | December +$8 | ||||
| Diesel cargo diffs cif Med per tonne DL-CIFD-MED | Med +$5 | December +$15 | ||||
| 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 | December +$52 | Dec + $50 |
| Fuel Oil | Trades | Bids | Offers | Previous Session | Seller | Buyer |
| 0.5% barge fob ARA per tonne | $381 | $382 | ||||
| 3.5% barge fob ARA per tonne HFO-ARA | $344.50 | $346 |
| ICE Low Sulphur Gasoil | LGOc1 | Previous |
| ICE Low Sulphur Gasoil futures vs Brent futures (per barrel) | $23.90 | $24.34 |
| Diesel spread | LGOc1-LGOc2 |
Recent news on Nis ad Novi Sad
See all newsSerbia's Russian-owned NIS oil firm secures new US sanctions waiver, state TV reports (updated)
Serbia's Russian-owned NIS oil firm secures US sanctions waiver, state TV reports
Serbia secures US sanctions waiver for its Russian-owned NIS oil firm (updated)
Serbia secures sanctions waiver from U.S. for its Russian-owned NIS oil firm
Serbia to release reserve diesel due to global shortage, energy minister says