Europe Distillates-Diesel profit margins fall
Europe Distillates-Diesel profit margins fall LONDON, Nov 5 (Reuters) - Northwest European diesel refining margins dropped 4.5% on Thursday as oil prices reversed losses from the previous session.
Low-sulphur gasoil futures LGOc1 traded at a premium of $69.55 a barrel to Brent crude futures LCOc1 by 1745 GMT, down more than $3 from the previous close
Jet fuel stocks held independently in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub rose nearly 29% on the week, data from Dutch consultancy Insights Global showed. Gasoil stocks were up 3.5% ARA/
Ukraine's renewed attacks on Russian oil refineries add to Moscow's difficulty in addressing domestic fuel shortages while it ships diesel to international markets under an export deal with US President Donald Trump
Brazil's state-run oil company Petrobras will import diesel in November at levels above its average for the year as it rebuilds inventories
Chinese refiners have sold only about 500,000 metric tons of November-loading diesel so far, according to traders and Reuters calculations based on trade data, after a surge in exports since July sent domestic stockpiles to multi-year lows
| Trades | Bids | Offers | Previous Session | Seller | Buyer |
0.1 GO Barge diffs fob ARA per ton |
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0.1 GO Cargo diffs cif NWE per ton |
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0.1 GO Cargo diffs cif Med per ton |
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50ppm barge diffs fob ARA per ton
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Diesel | Trades | Bids | Offers | Previous Session | Seller | Buyer |
Diesel barge diffs fob ARA per ton |
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Diesel cargo diffs cif NWE per ton |
| Dec + $52.50 | Nov - $11 |
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Diesel cargo diffs cif Med per ton |
| Med + $27 |
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Jet fuel | Trades | Bids | Offers | Previous Session | Seller | Buyer |
Jet fuel barge diffs fob FARAG per ton
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Jet fuel cargo cif NWE per ton
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| CCM+$49 |
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Fuel Oil | Trades | Bids | Offers | Previous Session | Seller | Buyer |
0.5% barge fob ARA per ton |
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3.5% barge fob ARA per ton |
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ICE Low Sulphur Gasoil | LGOc1 | Previous Close |
ICE Low Sulphur Gasoil futures vs Brent futures (per barrel) | $69.55 | $72.86 |
Diesel spread |
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(Reporting by Seher Dareen
Editing by David Goodman
)
((seher.dareen@thomsonreuters.com))