Europe Distillates-Diesel profit margins fall

Nis ad Novi Sad

03/12/2025 17:28

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LONDON, Dec 3 (Reuters) - European diesel refinery profit margins fell by around $2 on Wednesday.

Low-sulphur gasoil futures LGOc1 traded at a premium of about $24.32 a barrel to Brent crude LCOc1 at 1720 GMT, down $2 from the previous close.

U.S. distillate stockpiles USOILD=ECI, which include diesel and heating oil, fell by 293,000 barrels in the 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 reached about 1.8 million bpd in November, Kpler data showed, up from 1.77 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 - $2
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
Dec +$2.50
Diesel cargo
diffs cif Med
per tonne
DL-CIFD-MED
MED + $6
Dec +$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
Dec + $50
Unipec
BP

Fuel Oil
Trades
Bids
Offers
Previous Session
Seller
Buyer
0.5% barge fob ARA per tonne
$382
$385.50
3.5% barge
fob ARA per tonne HFO-ARA
$346
$346.50


ICE Low Sulphur Gasoil
LGOc1
Previous
ICE Low Sulphur Gasoil futures vs Brent futures (per barrel)
$24.32
$26.31
Diesel spread
LGOc1-LGOc2


(Reporting by Enes Tunagur; Editing by Kirsten Donovan)

((Enes.Tunagur@thomsonreuters.com;))