Europe Distillates-Diesel profit margins gain on lower stocks
05/12/2025 17:33
LONDON, Dec 5 (Reuters) - European diesel refinery profit margins rose by nearly 6% on Friday, boosted by lower inventories in Amsterdam-Rotterdam-Antwerp (ARA). Low-sulphur gasoil futures LGOc1 traded at a premium of about $25.24 a barrel to Brent crude LCOc1 at 1646 GMT, higher by $1.38 from the previous close. 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 Group of Seven countries and the European Union are in talks to replace a price cap on Russian oil exports with a full maritime services ban in a bid to reduce the oil revenue that helps finance Russia's war in Ukraine, six sources familiar with the matter said. Russia exports over a third of its oil in Western tankers — mostly to India and China — with the use of Western shipping services. The ban would end that trade, which is mostly done through the fleets of EU maritime countries including Greece, Cyprus and Malta. 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. December imports reached 588,000 bpd so far.
| 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 | Dec +$7 | |||||
| Diesel cargo diffs cif Med per tonne DL-CIFD-MED | Dec +$16 | |||||
| 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 +$55 | Unipec | BP |
| Fuel Oil | Trades | Bids | Offers | Previous Session | Seller | Buyer |
| 0.5% barge fob ARA per tonne | $385 | $381 | ||||
| 3.5% barge fob ARA per tonne HFO-ARA | $345 | $344.50 |
| ICE Low Sulphur Gasoil | LGOc1 | Previous |
| ICE Low Sulphur Gasoil futures vs Brent futures (per barrel) | $25.24 | $23.85 |
| 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