Europe Distillates-Diesel profit margins rise on lower stocks
27/11/2025 17:28
LONDON, Nov 27 (Reuters) - European diesel refinery profit margins rose nearly 7% on Thursday, as inventories in northwest Europe fell. Low-sulphur gasoil futures LGOc1 traded at a premium of about $25.95 a barrel to Brent crude LCOc1 at 1717 GMT, up more than $1.50 from the previous close. 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. ARA fuel oil stocks declined 9% to 1.01 million tons on export demand to the Mediterranean, Insights Global said. Falling refinery profit margins for clean products and fuel oil could hint at rising refinery runs now that the maintenance season is ending, Sparta Commodities said. 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 | Dec + $19 | Dec +$28 | ||||
| Diesel cargo diffs cif Med per tonne DL-CIFD-MED | Med +$9 | TotalEnergies | BP | |||
| 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 | CCM flat | Dec + $47 |
| Fuel Oil | Trades | Bids | Offers | Previous Session | Seller | Buyer |
| 0.5% barge fob ARA per tonne | $389 | $390 | ||||
| 3.5% barge fob ARA per tonne HFO-ARA | $355 | $346 |
| ICE Low Sulphur Gasoil | LGOc1 | Previous |
| ICE Low Sulphur Gasoil futures vs Brent futures (per barrel) | $25.95 | $24.29 |
| Diesel spread | LGOc1-LGOc2 |
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