Europe Distillates-Diesel profit margins steady

Nis ad Novi Sad

02/12/2025 17:27

LONDON, Dec 2 (Reuters) - European diesel refinery profit margins were steady on Tuesday.

Low-sulphur gasoil futures LGOc1 traded at a premium of about $25.59 a barrel to Brent crude LCOc1 at 1721 GMT, up 6 cents from the previous close.

Russia's seaborne diesel and gasoil exports rose 3% in November from October to about 2.37 million metric tons despite recent U.S. sanctions and infrastructure damage caused by drone attacks, data from market sources and LSEG showed.

Serbia's President Aleksandar Vucic said on Tuesday that the government has agreed to secure payment transactions for the U.S.-sanctioned Russian-owned oil company NIS until the end of the week, despite possible consequences.

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
NWE - $1
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
NWE + $3
Dec +$4
Diesel cargo
diffs cif Med
per tonne
DL-CIFD-MED
MED + $7
Dec +$14
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 -$1.50
CCM + $7


Fuel Oil
Trades
Bids
Offers
Previous Session
Seller
Buyer
0.5% barge fob ARA per tonne
$385.50
$390
3.5% barge
fob ARA per tonne HFO-ARA
$346.50
$352


ICE Low Sulphur Gasoil
LGOc1
Previous
ICE Low Sulphur Gasoil futures vs Brent futures (per barrel)
$25.59
$25.53
Diesel spread
LGOc1-LGOc2


 (Reporting by Enes Tunagur; Editing by Vijay Kishore)

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